WS #15041
Gold fell 3.7% and silver dropped 5.4% as Treasury yields climbed and the US dollar strengthened, overriding geopolitical safe-haven flows. Copper also declined 2.3% on the back of Fed hike bets. This dynamic indicates that macro liquidity conditions and rate expectations are currently the dominant drivers for commodities, pressuring mining stocks and precious metals equities despite the ongoing Middle East tensions.
Macro Yields and Commodity Selloff
Gold fell 3.7% and silver dropped 5.4% as Treasury yields climbed and the US dollar strengthened, overriding geopolitical safe-haven flows. Copper also declined 2.3% on the back of Fed hike bets. This dynamic indicates that macro liquidity conditions and rate expectations are currently the dominant drivers for commodities, pressuring mining stocks and precious metals equities despite the ongoing Middle East tensions.