Gold and silver prices fell sharply in the latest sessions as bond yields rose across the United States, Europe and Japan, reducing the appeal of non-interest-bearing precious metals. Spot gold dropped nearly 1.8% to about $4,370 an ounce on Sept. 1 and was reported around $4,375 on Tuesday, its lowest level since Aug. 19, while silver fell nearly 3% to about $64.5. Gold’s three-session decline exceeded 3.5%, reversing part of an August rally of roughly 10% that took bullion above $4,650 and lifted the SPDR Gold Shares ETF 9.84%. The U.S. 10-year Treasury yield rose above 4.75%, Germany’s 10-year yield reached 3.34%, and Japan’s 10-year yield surpassed 3% for the first time in nearly 30 years. Markets priced a 66% chance of a Federal Reserve rate hike later this month, with investors awaiting ADP employment data and nonfarm payrolls for policy clues. Escalating U.S.-Iran tensions supported oil and haven demand but also heightened inflation concerns, while billionaire investor John Paulson continued to hold substantial mining positions.