High interest rate expectations triggered a sell-off in precious metals! Silver plunged 9% in a single day, breaking below the $80 mark.

① Gold prices fell to a more-than-one-week low on Friday, with silver prices plunging below the $80 per ounce threshold; ② The yield on the US 10-year Treasury bond and the US dollar both strengthened. Inflation concerns fueled by escalating conflicts in the Middle East have reinforced market expectations for higher interest rates, weighing down precious metal prices.

cls.cnMay 16 03:38

Shares of Precious-metals Related Companies Are Trading Lower as Rising Treasury Yields and a Stronger Dollar Pressure Gold Prices, Sending the Metal to a More Than One-week Low. Inflation Concerns Tied to the Conflict in the Middle East Also...

BenzingaMay 16 00:57

BMO Capital Maintains Galiano Gold(GAU.US) With Hold Rating, Raises Target Price to $3.27

Futu NewsMay 15 20:35 · Ratings

Analysts Offer Insights on Materials Companies: Lithium Americas Corp. (LAC), Galiano Gold (GAU) and Vox Royalty (VOXR)

TipRanksMay 15 20:21 · Ratings

What happened to cause significant volatility in the Japanese and Korean stock markets as well as in gold and silver?

Analysts pointed out that two major factors triggered the global market decline.

Securities DailyMay 15 16:47

Galiano Gold Earnings Call Highlights Growth Amid Cost Headwinds

TipRanksMay 15 08:03