Gold slides nearly 3%, silver futures fall below $74

17/02/2026 Argaam
April gold futures dropped 2.75% to $4,907.3 an ounce

April gold futures dropped 2.75% to $4,907.3 an ounce

Gold and silver futures fell on Tuesday as the dollar firmed, with markets awaiting talks between Iran and the United States over Tehran’s nuclear program scheduled for later in the day, after US President Donald Trump said Iran was seeking a deal.

 

April gold futures dropped 2.75%, or $139, to $4,907.3 an ounce.

 

Spot gold fell 2% to $4,889.9 an ounce, while spot silver slid about 3% to $74.3 an ounce.

 

The dollar index, which measures the US currency against a basket of six major peers, rose 0.2% to 97.09 as of 0907 GMT+3.

 

March silver futures sank 5.3% to $73.85 an ounce. Spot platinum fell about 2.15% to $2,001.52 an ounce, while palladium dropped 2.25% to $1,688.79 an ounce.

 

Meanwhile, representatives from Ukraine and Russia are due to meet in Geneva on Tuesday and Wednesday for a new round of US-mediated peace talks, according to Reuters.

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