Gold and silver prices down today: Gold prices fall to $4,714.53, slipping below key support as inflation fears rise again. Silver prices also drop near $74, showing broad weakness in precious metals today. Investors are cautious before the crucial U.S. inflation data release. Strong bond yields and a rising dollar are pressuring bullion hard. This shift is challenging the safe haven narrative around gold and silver prices. Markets now see inflation as the bigger risk than geopolitical tensions. Gold prices fall over 10% since the conflict began, while silver drops more than 22%. Traders are watching closely. Will bullion break below $4,700, or stage a sharp rebound?