20:23 - 24.06.2026

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June 24, Fineko/abc.az. The strengthening of the US dollar coupled with intensifying expectations of a Federal Reserve interest rate hike has applied heavy pressure on global commodities, triggering a sharp sell-off in precious metals.

According to ABC.AZ, tracking marketplace metrics, spot silver losses accelerated past 3,5% during intraday trading. Having traded around $61.44 with a nearly 1% drop early in the morning session, silver prices intensified their downward trajectory to slide to $59.40.

Concurrently, gold markets mirrored this bearish momentum:

• Gold Price Performance: After snapping a 1% decline in the morning to hit a 2-week low of $4,067, the retreat in gold gathered fast-paced momentum.

• Latest Metrics: Overall gold prices shed 1.7% to settle lower at $4,047.