Gold (GC=F) and Silver (SI=F) Prices Drop Over 2% Amid Tensions

On April 28, 2026, gold (GC=F) futures fell by over 2% while silver (SI=F) decreased by 3%. This decline stems from rising concerns about prolonged elevated interest rates as policymakers aim to combat inflation, partly driven by oil prices around $104 per barrel. The ongoing U.S.-Iran negotiations highlight geopolitical tensions affecting market stability. Higher interest rates typically reduce the appeal of non-yielding assets like precious metals, making them less competitive compared to bonds, impacting investor sentiment.