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According to Jin10 data, gold and silver prices fell sharply during the day due to the simultaneous significant increase in bond yields in the United States, Germany, and Japan. Spot gold fell nearly 1.8% to approximately $4370 per ounce during the day, marking three consecutive days of decline, with a cumulative drop of over 3.5% over the past three trading days; Spot silver fell nearly 3% to about $64.5 per ounce. The yield of the US 10-year treasury bond bond exceeded 4.75%, the German 10-year yield rose to 3.34%, and the Japanese 10-year yield rose above 3% for the first time in nearly 30 years. Despite the escalation of the conflict between the United States and Iran driving up oil prices and safe haven demand, the market is concerned about the risk of rising inflation and continued interest rate hikes by major central banks.