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Gold and silver sell off as inflation fears grip global markets

CNBC
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1 min read
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Precious metals plunged Thursday amid escalating inflation concerns and geopolitical tensions, with gold dropping 2.3% to $4,707.20 per ounce in spot trading. Silver suffered sharper losses, falling 5.4% to $71.27 per ounce in spot markets, while futures contracts declined 8.7% to $70.86. Gold futures also tumbled 4% to $4,702.40, reflecting broader market anxiety over the Iran conflict’s economic impact and rising inflation pressures. The sell-off aligns with a wider market downturn as investors shift from traditional safe-haven assets amid heightened uncertainty. Real-time data shows delayed pricing, with analysts warning of further volatility as geopolitical risks and inflation expectations evolve.
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In this articleGold and silver joined a broad sell-off on Thursday, with the metals shedding 2% and 5.5% as fears about the Iran war and inflation gripped global markets. At 4:56 a.m. ET, spot gold was down 2.3% at $4,707.20 an ounce. Front-month gold futures were down 4% at $4,702.40. Spot silver was 5.4% lower at $71.2729 an ounce, while silver futures lost 8.7% to settle at $70.86.This is a developing story. Check back for updates.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by

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