(Bloomberg) -- Gold fell for the second straight
day, and silver tumbled in New York on speculation that
investors will seek higher returns from U.S. Treasury bonds.
Gold, which bears no interest, has slumped 3.8 percent
since June 1. Yields on the benchmark 10-year note remained
above 5 percent after reaching a five-year high of 5.327 percent
on June 13. Before today, the precious metal had gained 2.6
percent this year.
Read more at Bloomberg Commodities News
day, and silver tumbled in New York on speculation that
investors will seek higher returns from U.S. Treasury bonds.
Gold, which bears no interest, has slumped 3.8 percent
since June 1. Yields on the benchmark 10-year note remained
above 5 percent after reaching a five-year high of 5.327 percent
on June 13. Before today, the precious metal had gained 2.6
percent this year.
Read more at Bloomberg Commodities News
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