October 04, 2021

Gold is up $7.80 to begin the week,  while silver rose a modest $.06 from Friday’s settlement prices as equities got hit hard, with the tech sector taking the brunt of it.  The S&P 500 and the Dow are each down over 1% after coming off one of their worst months in years, and the tech-heavy Nasdaq is currently 2.4% in the red.  Rising treasury yields are putting downward pressure on gold, which is performing well, given that the 10-year is up over 1% today.