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Gold and Silver Retreat Sharply as Alternate Safe-Havens Take the Lead
Precious metals took a pronounced hit on Tuesday, March 3, 2026, as both gold and silver reversed course following weeks of record-breaking gains. Gold was trading at $5,161 per ounce as of 10:00 a.m. Eastern Time — a decline of $177 from the prior session — while silver fell to $82.46 per ounce at 8:45 a.m. ET, representing a steep drop of $11.80 from the same time on Monday. Despite the single-day pullback, both metals remain dramatically higher on a year-over-year basis, with gold up roughly $2,244 per ounce and silver up more than $50 compared to one year ago. The retreat comes after a historic surge that ... (full story)
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From cnbc.com | Mar 3, 2026
This year’s hottest trades — gold, silver and South Korea — are down big amid fears the war in Iran could go on for longer than expected. Here are the moves. • Gold prices slide: Spot gold was last down more than 5% to $5,041.81 per ounce, with gold futures dropping 5% to $5,049. They’re still up more than 16% this year. • Silver prices tumble: Futures tied ...
From kitco.com | Mar 3, 2026
The outbreak of war with Iran, fresh uncertainty surrounding Trump’s tariffs, and higher than expected U.S. inflation are all supportive of gold and silver prices on paper, but both metals exhibit overbought conditions and are due for a break, according to Rhona O’Connell, Head of Market Analysis for EMEA & Asia at StoneX. “[T]he geopolitical environment ...
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