🚨WHY GOLD ( $XAU ) & SILVER ( $XAG ) DUMPED HARD TODAY 😱 Precious metals just saw a bloodbath. In just 1 hour, Gold dropped -1.82%, wiping out nearly $580B and Silver crashed -4.38%, erasing around $280B That’s over $860 BILLION wiped out combined. The main reason? US Treasury yields surged to multi-year highs across nearly every maturity, making bonds more attractive to investors. When bond yields rise, assets like gold and silver become less attractive because they don’t generate yield or interest. At the same time, hotter inflation fears and rising oil prices are making markets expect higher interest rates for longer, creating heavy pressure on precious metals. Right now, investors are rapidly rotating out of metals and into higher-yielding assets. Volatility is exploding across global markets.