Price of Gold Drops as Feds Increase Bond Yields

April 1, 2021 14:01:49

Last week, the price of gold dropped significantly, decreasing from a more than two-week high as bullion continues to lose its appeal as well as its value, with the value of the dollar climbing steadily and the U.S. Treasury yields increasing. Meanwhile, the U.S. gold futures for April delivery remained stable at $1,728.80/ounce while spot gold declined to $1,728.96/ounce by midday EST, which is roughly a 1.1% drop.

On the other hand, zinc dropped to $2,792 per metric ton, a 1.2% decline while palladium surged by nearly 7%, the biggest increase since May 2020. Other metals, such as tin, advanced while copper…


NOTE TO INVESTORS: The latest news and updates relating to GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) are available in the company’s newsroom at

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published:

Los Angeles, California
310.299.1717 Office

MiningNewsWire is part of the InvestorBrandNetwork.