Gold and silver prices dropped sharply in early U.S. trading due to a global bond selloff, a stronger U.S. dollar, and rising oil prices.
The spot gold price plummeted to around $4,370.80 an ounce, down 1.72%, while silver fell 2.73% to $64.60.
The 10-year U.S. Treasury yield hit its highest since January 2025, reflecting expectations for tighter monetary policy amid inflation concerns.
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