Gold, Silver Slide Over 1% as Yields and Oil Rise

Gold and silver prices fell by more than 1% in India’s futures market.

This happened as prices also weakened in international markets.

Oil became more expensive after fighting between the United States and Iran became worse.

Higher oil prices can increase inflation, meaning everyday goods may become more expensive.

Investors then expect central banks, including the Federal Reserve, to keep interest rates higher or raise them.

Gold does not pay interest, so it can look less attractive when rates are high.

A stronger US dollar and higher government bond yields also pressured gold.

Analysts said prices could remain weak unless gold moves back above important resistance levels.