Gold falls to more than 1-year low as dollar, yields rise

Gold futures fell for a third consecutive session, dropping 2.8% to $3,878.40 a troy ounce, the lowest settlement since Oct. 2, 2025. Silver fell 3.7% to $49.972. The decline was driven by a stronger dollar, rising yields, and inflation concerns after an above-estimate CPI report and a rebound in oil prices following President Trump's statement that the U.S. does not need a deal with Iran.