Gold and Silver Prices Tumble on Interest Rate Outlook -- WSJ

Dow Jones06-06 01:54

By Ryan Dezember

Precious metals prices fell Friday after the Labor Department's surprisingly good May jobs report boosted expectations for higher interest rates. Investors who bid up gold and silver to records expecting rate cuts-and thus reduced returns on Treasuries-are now selling under the impression that bond yields are headed higher.

-- Front-month gold futures, which hit $5318.40 a troy ounce in late January, dropped 3.1% Friday to bring their year-to-date return to just 0.3%.

-- June silver futures shed 6.6% Friday to cap a four-week losing streak. Silver is off 49% from its January peak and after starting the year as one of the hottest investments is now down 1.7% in 2026.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 05, 2026 13:54 ET (17:54 GMT)

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