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.
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(END) Dow Jones Newswires
June 05, 2026 13:54 ET (17:54 GMT)
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