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Commodities

US Treasury Yield Hits 19-Year High, Wipes Out $1.2 Trillion in Gold and Silver Value

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Gold
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The US 10-Year Treasury Yield has hit a 19-year high, causing spot gold and silver to plummet nearly 4% and 5%, respectively.

The sharp sell-off wiped out about $1.2 trillion in combined market value from the two metals as investors rotated into interest-bearing bonds.

The key question now is whether this is a trend reversal, liquidity-driven sell-off, or move to key support levels.

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