Bullion futures experienced a decline today as the US 10-year treasury yields surged to 5.20%, maintaining a two-decade high and exerting substantial pressure on precious metals. Escalating crude oil prices also negatively impacted Gold and Silver. US yields are reflecting robust economic indicators alongside a hawkish stance in recent communications from US policymakers. Cleveland Fed President Beth Hammack stated on Friday that she is concerned that persistently high inflation risks conditioning the US public to accept elevated prices as the norm, emphasizing that the central bank cannot permit such an occurrence. This increase in yields is directly contributing to lower prices for Gold and Silver, with COMEX Gold futures currently down 3% at $4194 per ounce, while Silver has decreased 5% to trade at $61.55 per ounce. Both metals are currently near a two-month trough. The US dollar index remains stable near the 100.70 level.