Gold and Silver Futures Plunge Over 3% as Sovereign Bond Yields Surge - finance.biggo.com

AI desk brief

Gold and silver plunged as global sovereign bond yields climbed, with U.S. gold futures down 3.34% to $4,176.80/oz and spot gold off 3.27% at $4,145.88; silver was hit harder, falling 5.1% in futures to $61.52/oz and 4.92% in spot to $61.11. The move also dragged miners lower, with Sibanye Stillwater down 7.92% premarket, Harmony Gold 7.49%, and Newmont 4.72%.

The article frames the selloff as a real-yield/rates story: higher bond yields reduce the appeal of non-yielding metals, while traders reassess inflation and the chance of additional Fed hikes. Gold broke below the psychologically important $4,200 level, triggering programmatic selling; attention now turns to this week’s inflation data and Fed commentary for confirmation of whether the metals can stabilize or extend lower.