Gold and Silver Slip as Stocks Rally and Hormuz Risk Premium Eases

Gold and silver prices declined after the U.S. close on Monday as equities rallied, oil weakened and Treasury yields eased modestly, curbing safe-haven demand. Spot gold traded near $4,337.20 an ounce, down 0.95%, while silver stood at $66.080, off 0.44%. U.S. and European stock indices finished higher, with the S&P 500 rising 1.5% to 7,764.70.