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Jamie Redman

Gold drops 23% and silver slides 44% by June 5, 2026 despite US-Iran war and CPI rise

Gold and silver erased about $1 trillion in combined value from January peaks, with gold near $4,331/oz and silver around $67.30 on June 5. Gold is down roughly 23% from $5,608, while silver is off about 44% from above $121 as higher rate expectations pressured non-yielding metals. Platinum and palladium also fell sharply in the same session.
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