Gold and silver lost about $400 billion in paper value on Wednesday after U.S. bond yields hit their highest level since 2002, with gold briefly falling from about $4,120 to near $4,066 an ounce and silver dropping from roughly $60.13 to $59.00. According to BeInCrypto, the move repriced metal already owned rather than reflecting money pulled from markets. Traders were also bracing for a $39 billion sale of 10-year notes and Fed minutes after the September meeting, when the Fed raised rates to 3.75%-4.00%.