Comex gold settled at $4,108.20 per troy ounce on June 10 after falling 3.56% in a single session, its steepest one-day decline since March. Spot gold briefly fell to $4,022.09 on June 11, touching its lowest level since November 2025. Gold has declined for four consecutive sessions, down more than 8% over that period.
Comex silver settled near $64.60 per ounce after declining for four consecutive sessions, down more than 12% over the stretch. The selloff was driven by a rapid repricing of U.S. interest-rate expectations, as stronger economic data and renewed inflation concerns reduced expectations for Federal Reserve rate cuts, supporting higher Treasury yields and a firmer dollar that typically weaken demand for non-yielding assets.