Gold and silver extended losses as benchmark bond yields in the U.S., Germany and Japan climbed sharply, increasing pressure on non-yielding assets. Spot gold fell nearly 1.8% on the day to about $4,370 an ounce, marking a third consecutive decline and a cumulative drop of more than 3.5% over the past three trading sessions. Spot silver dropped nearly 3% to around $64.5 an ounce. The selloff came as the U.S. 10-year Treasury yield rose above 4.75%, Germany’s 10-year yield climbed to 3.34%, and Japan’s 10-year yield moved above 3% for the first time in nearly 30 years. Higher long-term rates lifted risk-free returns and reduced the appeal of precious metals, while markets focused on renewed inflation risks and the possibility that major central banks could continue raising interest rates despite escalating conflict between the U.S. and Iran.