United States Antimony Stock Dips as Gold and Silver Drop Amid Strong Dollar

United States Antimony shares are sliding. Why is UAMY stock dropping? Gold Drops 2% as Middle East Tensions Drive Oil and Yields Higher Spot gold shed nearly 2% to $3,984.64 per ounce on Thursday, touching ground not seen since July 1. The retreat was driven by surging oil prices and climbing Treasury yields, both consequences of an intensifying confrontation between American and Iranian forces that is fanning inflation anxiety and strengthening the argument for interest rates to remain elevated well into the year, according to Reuters. Silver gave back 3.6% to settle at $55.68 per ounce, platinum fell 3.1% and palladium surrendered 4.1%, leaving virtually no corner of the metals market unscathed. U.S. and Iran Trade Strikes as Diplomacy Sends Mixed Signals The geopolitical backdrop that i...