Gold faces third day of selling pressure as markets react to trade tensions

From kitco.com

Gold futures experienced their third consecutive day of selling pressure, with the most active June contract declining by $57.30 (-1.87%) to close just below the key $3,000 level at $2,998.80 per troy ounce. This downward pressure stemmed from Trump's Tuesday announcement, coupled with dollar strength and rising U.S. Treasury yields. The U.S. Dollar Index gained 0.52% to close at 103.22, marking its second consecutive day of appreciation. Silver demonstrated greater sensitivity to the equity market recovery than gold. May silver futures opened at Friday's closing price of $29.23 and, despite dropping to an intraday ... (full story)