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Gold falls as oil spike, higher yields pressure metals - Kitco PM Report

Barchart·07/23/2026 16:08:06
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(Kitco NewsWire) - Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Thursday, as rising Treasury yields, a firmer U.S. dollar and a renewed crude-oil spike outweighed safe-haven demand tied to the U.S.-Iran conflict. At the time of writing, spot gold was trading near $4,047.80 an ounce, down 1.98%, while spot silver was trading near $57.64, down 3.46% on the session.