Why are gold and silver prices down sharply today and will precious metals continue to fall or rise again? Gold hits two-month low as inflation fears rise

Why are gold and silver prices down sharply today and will precious metals continue to fall or rise again? Gold prices dropped to a two-month low after investors reacted to inflation concerns, rising oil prices, and expectations of interest rate hikes by the US Federal Reserve. Silver prices also declined sharply. Analysts said the ongoing Middle East conflict, rising crude oil prices, and upcoming US economic data are influencing the precious metals market and investor sentiment.