International gold and silver prices fell sharply on May 15, pressured by a stronger US dollar and rising US Treasury yields, with gold prices dropping to their lowest level in more than a week.
During morning trading, the June gold futures contract on the New York Mercantile Exchange fell below US$4,600 per ounce, down more than 3 percent. The July silver futures contract dropped below US$80 per ounce, marking a decline of more than 10 percent.
Meanwhile, international oil prices posted significant gains on May 15.
By the close of trading, the June delivery contract for US crude rose US$4.25 to settle at US$105.42 per barrel, up 4.20 percent.
The July delivery contract for Brent crude climbed US$3.54 to close at US$109.26 per barrel, an increase of 3.35 percent.
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