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Gold fell more than 2% to fall from the psychologically important level of $ 1,800 in light of rising dollar and US Treasury yields, which attracted the metal’s appeal.
As of 5.11 p.m. GMT, the spot price of gold was down 2.3% to $ 1,791.11 an ounce, after hitting its lowest level in more than two months at $ 1,784.76. US gold futures fell 2.4% to $ 1,791.50.
Silver fell 2.8% to $ 26.11 an ounce.
Silver prices have fallen more than 13% since it escalated a GameStop-like retail buying frenzy, which peaked in nearly eight years at $ 30.03 on Monday.
Platinum was down 0.7% to $ 1,093.50 an ounce, while palladium rose 0.9% to $ 2,293.81.
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