Gold, silver rates today: Comex gold drops $117/oz; silver tumbles $2.4 as Iran-US tensions trigger oil price rebound

Jun 1, 2026 - 09:00
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Gold, silver rates today: Comex gold drops $117/oz; silver tumbles $2.4 as Iran-US tensions trigger oil price rebound
Precious metals plummeted amid escalating Middle East tensions, with gold dropping $117 to $4,476 and silver falling nearly $2.4 to $73.5. The conflict has led to heightened inflation concerns and volatile trading, erasing recent gains and prompting fears of a prolonged standoff. 

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