CUR - Gold continues slide as high U.S. yields erode appeal

Gold (XAUUSD:CUR) tumbles below $1,750/oz. to head for a fourth straight decline, and silver (XAGUSD:CUR) slumps nearly 5%, as a sharp rise in government bond yields undercuts demand for precious metals.April Comex gold -2.9% to $1,723.40/oz., and May silver -4.8% to $26.35/oz."Rising yields and now a jump in the dollar are piling the pressure on gold and, barring a reversal in bond markets, it's tough to envisage its fortunes improving," says Oanda's Craig Erlam."A strong greenback could be detrimental for gold as investors are switching back to bonds in the search for yields," according to Commerzbank's Casten Fritsch.Among the top precious metals miners: [[NEM]] -2.5%, [[GOLD]] -3%, [[KGC]] -4%, [[AEM]] -2.8%, [[AUY]] -4.3%, [[IAG]] -5.8%, [[KL]] -5.3%, [[WPM]] -4.7%, [[AG]] -7.3%, [[FSM]] -8%, [[HL]] -6.5%.ETFs: [[GLD]], [[SLV]], [[GDX]], [[GDXJ]], [[NUGT]], [[IAU]], [[JNUG]], [[PSLV]], [[SIL]], [[GGN]], [[PHYS]], [[DUST]], [[AGQ]], [[USLVF]], [[SIVR]]For the month, gold is headed for a ~5% decline while

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Gold continues slide as high U.S. yields erode appeal