Gold And Silver Price Hit 2-Month Lows Following Iran Tensions, Interest Rate Hike Fears

BreakingBusinessGold And Silver Price Hit 2-Month Lows Following Iran Tensions, Interest Rate Hike FearsByConor Murray,Forbes Staff. Murray is a Forbes news reporter covering entertainment trends.Follow AuthorJun 09, 2026, 03:58pm EDTToplineThe prices of gold and silver plunged Tuesday afternoon on fresh Iran war tensions and expectations of future interest rate hikes, carrying the metals to their lowest levels in months as silver has erased almost half of its value since hitting a historic peak in January.The prices of gold and silver dipped again Tuesday. (AP Photo/Sakchai Lalit)Copyright 2026 The Associated Press. All rights reserved.Key FactsThe price of silver is $65.78 an ounce as of 3:15 p.m. EST on Tuesday, down more than 4%, though the metal was down nearly 6% to a low of $64.46 earlier in the afternoon.The price of gold is about $4,292 an ounce as of 3:15 p.m. EST, down nearly 2% but up from an intraday low of $4,259.90.The metals have declined steadily throughout what has been a rough June so far, with silver losing more than 13% of its value since it opened at a price of just over $75 on June 1, and gold losing about 6% of its value since opening at about $4,575 at the beginning of the month.The last time gold and silver reached prices this low was in late March, a brief dip analysts at the time blamed on mixed messaging from Iranian and American leaders over peace talks; before that, gold and silver hadn’t been this low since December.The metals, which have generally declined in price throughout the Iran war, are now far from the record-high peaks they hit in late January, with silver shedding almost half of its value since late January, when it peaked around $120. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements....