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Gold and silver experienced a widespread decline on Thursday, with the metals dropping 2% and 5.5% amid concerns regarding the Iran conflict and inflation affecting global markets.
At 4:56 a.m. ET, spot gold had decreased by 2.3% to $4,707.20 an ounce. The front-month gold futures fell 4% to $4,702.40.
Gold prices
Spot silver decreased by 5.4% to $71.2729 an ounce, while silver futures saw an 8.7% drop, settling at $70.86.
Silver prices
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