Gold and silver futures fell sharply on Tuesday as a wave of selling in technology stocks, driven by fears of higher interest rates, spilled over into the precious metals market.
Gold futures dropped 1.5% to settle at $4,142 an ounce.
Silver also posted losses as investors rotated away from non-yielding assets amid shifting monetary policy expectations.
The move marks a continuation of pressure on safe-haven assets, following a retreat in precious metals and bitcoin earlier in the week as U.S. monetary policy outlooks soured.
Wall Street banks are reassessing their gold forecasts in light of the volatility.
The sell-off underscores the sensitivity of precious metals to real yields and equity market sentiment, particularly when tech-driven risk appetite evaporates.