Gold prices under pressure from rising USDX and bond yields.

Gold and silver prices are down due to a higher US dollar index, rising US Treasury yields, and a drop in crude oil prices. Some hawkish Fed-speak has dampened trader and investor spirits, including metals traders. The Euro zone consumer price inflation in March rose 6.9%, year-on-year, which was right in line with market expectations. The US dollar index is higher, Nymex crude oil prices are lower, and the benchmark 10-year US Treasury note yield is presently fetching 3.616%.