Gold and silver joined a broad sell-off on Thursday, with the metals shedding 2% and 5.5% as fears about the Iran war and inflation gripped global markets.
At 4:56 a.m. ET, spot gold was down 2.3% at $4,707.20Â an ounce. Front-month gold futures were down 4% at $4,702.40.
Spot silver was 5.4% lower at $71.2729Â an ounce, while silver futures lost 8.7% to settle at $70.86.
This is a developing story. Check back for updates.