Precious Metals Plunge on U.S. Inflation Fears, Rising Treasury Yields (GLD:NYSEARCA)

Precious metals plunge on U.S. inflation fears, rising Treasury yields (GLD:NYSEARCA)

Gold and silver futures sank, pressured by a stronger dollar and rising Treasury yields as higher energy costs from the Iran war feed inflation and the prospect of Federal Reserve rate hikes

Bonds, stocks and precious metals slump as inflation fears mount, silver falls 7%

Mounting inflation fears, geopolitical tension and ongoing uncertainty around the Iran war has prompted selling pressure across asset classes.

Global bonds tumble as flaring inflation spooks investors - Regional Media News

By Amanda Cooper LONDON, May 15 (Reuters) - The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury yields hit their highest since in around a year as traders anticipate the Federal Reserve may need to hike rates to rein in inflationary pressures stemming from Iran…

Precious metals slump on rising bond yields; gold likely to remain bearish

Gold and silver prices slumped on Friday as firmer Treasury yields and a stronger dollar weighed on sentiment. Higher inflation concerns due to rising energy prices also dampened sentiments in the precious metals market on Friday. At the time of writing, the COMEX gold contract was at $4,573.30 per ounce, down 2.4% from the previous close. Silver was nearly 8% lower at $78.705 per ounce. Silver prices were trading over $87 per ounce in the previ…