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 carried ... (full story)