The threat of a rate hike this year is spooking gold and silver investors as the yellow metal sees its worst day in two weeks, according to some analysts. Initial selling pressure pushed gold prices through the critical psychological support level at $1,300, which caused further technical selling in the marketplace. June gold futures last traded at $1,294.40 an ounce, down nearly 1.5% on the day. Silver is suffering even more than gold, with prices dropping more than 2% on the day and trading below $15 an ounce — the metal’s worst day in a month. May silver futures last traded at $14.89 an ounce. Phillip Strieble, ... (full story)