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Gold, silver soften following rise in Treasury yields
Gold and silver futures traded lower on Wednesday morning, headed for a second day in the red, as three sessions of rising Treasury yields helped dim some of the precious metals’ luster. Analysts with Commerzbank’s commodity research desk said that gold and silver are reversing some of their gains over the past two weeks because of rising yields in the U.S., which have risen modestly following the Memorial Day Weekend holiday. To be sure, Treasury yields still finished the month of May lower, snapping a five-month streak of gains.
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