Spot gold and silver prices are sharply lower after the close Wednesday, as crude oil rallied, Treasury yields rose and renewed U.S.-Iran fighting pressured non-yielding metals. At the time of writing, spot gold was trading near $4,432.60 an ounce, down 1.24%, while spot silver was trading near $72.755, down 3.17% on the session. Private employers added 122,000 jobs in May, above the 110,000 consensus and the strongest ADP print in 16 months. The ISM Services PMI rose to 54.5 in May from 53.6 in April, with business activity at 57.7, new orders at 57.3, employment at 47.9 and prices at 71.3, the highest prices ... (full story)