Gold and silver fell together as rising bond yields and a rebounding U.S. dollar pressured metals, with copper taking the heaviest hit.
Fawad Razaqzada, StoneX Media Market Analyst, breaks down what is driving the move across gold, silver and copper.
Rising crude oil is feeding consumer inflation expectations, and higher bond yields are following as investors revise interest rate expectations. The market has largely set the dollar debasement argument aside, leaving the U.S. dollar responding conventionally to yields, oil prices and data such as the Producer Price Index. Attention now turns to the Consumer Price Index and what a hotter reading would mean for metals.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of FOREX.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.