Gold and silver tumble as global selling pressure hits precious metals

Gold futures fell 4.9% to $4,146 per ounce while silver slid 7.7% to $47.40, leading a sharp correction across precious metals. Palladium and platinum dropped nearly 8%. The decline followed stronger U.S. Treasury yields, profit-taking after record highs, and fading safe-haven demand. Analysts expect volatility to persist as traders await the Federal Reserve’s policy commentary later this week.