Gold and Silver Prices Fall as U.S.-Iran Talks Begin. Trump Says Tehran Wants a Deal.
Gold and silver prices fell early Tuesday as diplomatic negotiations between the U.S. and Iran began in Geneva and as Chinese markets were closed for the Lunar New Year. Continuous gold futures were down 2.1% to $4,939 per ounce early Tuesday, while silver futures tumbled 5% to $74.10. Precious metals miners were also lower, with Freeport-McMoRan and Newmont down by 1.7% and 3.1%, respectively, in premarket trading.
Gold and silver prices fell early Tuesday as diplomatic negotiations between the U.S. and Iran began in Geneva and as Chinese markets were closed for the Lunar New Year. Continuous gold futures were down 2.1% to $4,939 per ounce early Tuesday, while silver futures tumbled 5% to $74.10. Precious metals miners were also lower, with Freeport-McMoRan and Newmont down by 1.7% and 3.1%, respectively, in premarket trading.