Gold and silver prices have experienced a decline, with gold dropping to $4,319.98 per ounce, influenced by rising U.S. Treasury yields and expectations of higher interest rates. This marks the third consecutive session of losses for gold, which is often seen as a safe-haven asset. The increase in Treasury yields, particularly the benchmark 10-year note, has made gold less attractive as it does not yield interest income. Analysts from Goldman Sachs expect the Federal Reserve to maintain interest rates through 2026, with potential rate cuts not anticipated until 2027 due to strong economic activity. Additionally, the SPDR Gold Trust reported a 0.5% decrease in its holdings, reflecting diminished investor interest. While geopolitical tensions typically support gold demand, recent easing of hostilities has reduced immediate safe-haven buying. Analysts suggest that if interest rates remain elevated, gold prices could face further pressure, although any increase in geopolitical risks or economic uncertainty could renew demand for precious metals.