Gold prices dropped, a day after notching new record highs. Silver futures, which ended Monday at the second-highest level on record, pulled back even more sharply.
Most-active gold futures contracts recently traded 3.2% lower at about $4,220 a troy ounce.
The equivalent contracts for silver sank more than 5% to under $48.70 a troy ounce.
Mining stocks such as Newmont and Royal Gold dropped.