Gold and Silver Slide Despite Lower Yields as Hormuz Attacks Lift Crude Prices

Spot gold dropped to 4086.90 dollars per ounce, losing 53.40 dollars or 1.29 percent, while silver fell to 55.790 dollars, down 2.070 dollars or 3.57 percent. Attacks on vessels in the Strait of Hormuz pushed Brent crude above 112 dollars and WTI near 100, amplifying inflation worries and bets on tighter Federal Reserve policy despite sliding Treasury yields.