Gold, silver rates today: Comex gold falls below $4,000, silver slips under $60 as hawkish Fed outlook boosts US dollar (opens original article in a new tab)

Precious metals fell sharply on June 24 as a stronger US dollar and hawkish Federal Reserve expectations pressured gold and silver prices, with both hitting multi-month lows and major banks lowering their forecasts.

• Gold fell to $3,980 and silver to $58 on June 24 due to a stronger US dollar and rising interest rate expectations
• Comex gold dropped below $4,000 for the first time since mid-November, with a 13% decline in June
• Major banks reduced gold forecasts, with Goldman Sachs now expecting $4,900 an ounce by year-end
• Silver prices fell to their lowest level since December 2025, with a 38% decline since February