Metals Stocks: Gold under pressure as bond yields rise

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Gold futures lost ground early Friday and were headed for a weekly loss as Treasury yields jumped to kick off April and the second quarter.

Gold for June delivery GC00 GCM22 fell $24.50, or 1.3%, to $1,929.50 an ounce on Comex. May silver SIK22 fell 36.3 cents, or 1.4%, to $24.77 an ounce. Gold is on track for a 1.2% weekly decline, while silver is off more than 3%.

Gold…

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