Gold breaks toward $4,000 as oil, yields weigh on metals

Spot gold and silver fell sharply after Wednesday's close as the May inflation report and elevated Treasury yields pressured precious metals. Renewed U.S.-Iran escalation also reshaped risk sentiment, but it was not enough to offset the negative impact from higher yields and inflation data. The move underscores how real-rate sensitivity and macro risk are dominating metals pricing.

Analysis

Spot gold and silver fell sharply after Wednesday's close as the May inflation report and elevated Treasury yields pressured precious metals. Renewed U.S.-Iran escalation also reshaped risk sentiment, but it was not enough to offset the negative impact from higher yields and inflation data. The move underscores how real-rate sensitivity and macro risk are dominating metals pricing.