Precious metals just took a major hit.
Gold and silver are extending losses as rising U.S. 10Y Treasury yields put pressure on non-yielding assets. Gold is down nearly 4% while silver is falling around 5% on the day.
The move has wiped out roughly $1.2T in combined market value from gold and silver.
The big question now:
Is this a temporary shakeout… or the start of a deeper rotation into higher-yield assets
$XAU
$XAG
#ChainlinkLaunchesCCIP2WithEnterpriseVerification
Gold and silver are extending losses as rising U.S. 10Y Treasury yields put pressure on non-yielding assets. Gold is down nearly 4% while silver is falling around 5% on the day.
The move has wiped out roughly $1.2T in combined market value from gold and silver.
The big question now:
Is this a temporary shakeout… or the start of a deeper rotation into higher-yield assets
$XAU
$XAG
#ChainlinkLaunchesCCIP2WithEnterpriseVerification
