COMEX gold slides to $3,993 an ounce, silver falls 2.93% to $57.735
On July 1, COMEX gold fell 1.13% to $3,993 per ounce, marking a seven-month low, while silver dropped 2.93% to $57.735 per ounce. The market was pressured as the probability of a Federal Reserve rate hike in September rose to 67%, alongside stalled US-Iran talks that reinforced expectations of tighter policy. Investors are awaiting the ADP employment report later in the day and Thursday’s nonfarm payrolls data to better gauge the path of interest rates.