Gold drops more than 3 percent
Gold and silver prices experienced a sharp decline during today's trading on Monday. Gold dropped by about 3%, nearing $4,165 per ounce, while silver fell by approximately 5% to around $61.08 per ounce. This decline was driven by pressures from the strength of the US dollar and rising US bond yields, along with expectations that interest rates will remain elevated for a longer period, reducing the appeal of gold and silver as non-yielding assets.
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