Gold Retreats from Four-Week Peak; Silver Plunges 4% on COMEX

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Gold Eases from 4-Week High, Silver Plunges 4% on COMEX Amid Profit-Taking

Gold Eases from 4-Week High, Silver Plunges 4% on COMEX Amid Profit-Taking

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CNBC TV18•03-03-2026, 11:58

Gold Eases from 4-Week High, Silver Plunges 4% on COMEX Amid Profit-Taking

•Gold and silver prices turned lower on Tuesday despite geopolitical tensions in the Gulf region.
•COMEX gold fell 0.17% to $5,302.70 per ounce after hitting a four-week high.
•Silver saw sharper profit-taking, dropping 3.82% to $85.455 per ounce.
•Investors booked profits after a strong rally driven by escalating military action and inflation fears.
•A firm US dollar also capped gold's gains, making dollar-denominated commodities more expensive.

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