Gold, Silver Slide as Higher Bond Yields Revive Pressure on Precious Metals - Tekedia

AI desk brief

Gold and silver fell sharply as rising global bond yields revived pressure on non-interest-bearing metals. Gold futures dropped 3.34% to $4,176.80 and spot gold fell 3.27% to $4,145.88, while silver was hit harder with futures down 5.1% to $61.52/oz and spot down 4.92% to $61.11. The move also dragged miners lower in premarket trading, including Sibanye Stillwater (-7.92%), Harmony Gold (-7.49%) and Newmont (-4.72%).

The article frames the selloff as a rates story: higher yields and tighter Fed expectations lift the opportunity cost of holding gold and silver, with real yields seen as the key variable. That said, central-bank demand remains a counterweight, with quoted commentary citing 289 tonnes of gold bought by global central banks in Q2, suggesting structural support could limit downside if inflation or economic stress persists.