Gold and silver extended losses on Sept. 28 as rising bond yields, a stronger dollar and higher rate expectations outweighed geopolitical tensions. COMEX gold fell 2.11% to $4,197.40 an ounce and silver dropped 3.59% to $62.47 by mid-morning in India, after earlier Asian-session declines erased about $470 billion and $101 billion in market value, respectively. Gold is now nearly 25% below its Jan. 28 record near $5,590. Brent crude rose 2.52% to $107 a barrel, while the U.S. Dollar Index reached 101.39 and 10-year and 30-year Treasury yields stood at 5.20% and 5.51%. CME FedWatch showed a 68.1% probability of a 25-basis-point Federal Reserve hike in October. Bitcoin also fell 2.7% to an intraday low of $82,780 before returning above $83,000, offering no clear safe-haven rotation. PAX Gold, a token backed by physical gold, declined from roughly $4,276 to $4,186. U.S. spot bitcoin ETFs attracted $2.39 billion last week, their largest weekly inflow of 2026, but bitcoin’s weekend recovery toward $85,000 did not hold as yields rose. Bitwise said institutions may view bitcoin as gold-like in theory while trading it more like a technology asset.