Silver drops 5%, gold 3% as Trump wins election, sparking a broader commodities slide. A spike in 10-year yields and stronger dollar shift investors from metals to higher-yield assets.

The silver market continues to see a lot of noisy behavior, as the markets have seen the greenback surge after a massive Republican win in the United States overnight. Ultimately, this is a market that is looking for its footing as it drops.

Gold prices were in free-fall as the US Dollar Index and US Treasury Yields surged following a Donald Trump election victory. Click to read.

Gold ring price plunged 5.17% to VND84.4 million (US$3,320.87) per tael Thursday morning, following the tumble of the precious metal on the global market.

Wednesday rallied sharply to a 4-month high and finished up by +1.58%. The dollar soared Wednesday after Republican candidate Trump won the US presidential election. There is concern that Trump’s low tax and high tariff policies will boost inflation and slow the pace of Fed interest rate cuts,

Gold prices dropped more than $80 an ounce, or 3%, to $2,670 Wednesday morning on news that Republican candidate and former U.S. President Donald Trump will become the 47th President of the United St