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Gold Sags on Rise in Bond Yields, Silver Plunges on Volume Spike

  • Silver futures drops in early-hours volume surge on Comex
  • Gold futures head for fifth weekly loss as yields increase
Bloomberg business news

Why Gundlach Thinks the Bond Wipeout Has Just Begun

Updated on

Precious metals are getting beaten up by the bond rout.

Gold futures posted their fifth straight weekly loss and silver futures sagged to the lowest in 17 months in heavy trading. An increase in Treasury bond yields, coupled with concern further gains may be in store, pressures non-interest bearing assets. A better-than-expected U.S. payrolls report also dented precious metals.