
Precious Metals Plunge as Rising Yields and Fed Hike Fears Hit Gold and Silver
Gold and silver prices dropped sharply on Monday, with silver falling over 5% and gold declining more than 3%. The sell-off was driven by rising global bond yields and increased expectations for Federal Reserve interest rate hikes, which reduced demand for non-interest-bearing assets. Mining stocks also fell in premarket trading, with major producers like Sibanye Stillwater and Newmont seeing significant declines.













