Gold fails to catch bid as stocks suffer

|By:, SA News Editor

Finally paying attention to surging interest rates, stocks are suffering their worst day in ages, led by the Dow's 2.3% decline.

The 10-year Treasury yield is up 5.4 basis points to 2.846% on back of a strong employment report and two normally dovish Fed members uttering some hawkish comments.

Gold (NYSEARCA:GLD) isn't being spared - it's lower by 1.2% to $1,331 per ounce.

ETFs: GLD, IAU, PHYS, SGOL, UGLD, UGL, DGP, GLL, GTU, GLDI, OUNZ, DZZ, DGL, DGLD, DGZ, GYEN, BAR, GEUR, GLDW, GHS, UBG, QGLDX, GHE