Gold, silver rise as jobless claims temper PCE-driven Fed repricing - Kitco AM Report
(Kitco NewsWire) – Spot #gold and #silver prices were higher in early U.S. trading Thursday, as soft inflation data kept October Fed-hike expectations below earlier-week levels, while this
Early Friday, spot #gold was near $4,300.00 (+0.62%) and silver near $64.760 (+1.62%). U.S.-Iran truce hopes cooled crude, but elevated yields kept bullion on track for a weekly loss.
Silver rose after the Fed hike as long yields eased
Przemyslaw Radomski argues #silver is tracking long-term Treasury yields and oil, not the deficit or policy rate. His thesis faces another test when enlarged Treasury buybacks end November 4.
Gold and silver softened after Monday’s U.S. close as stocks rallied and oil fell, reducing safe-haven demand. Spot #gold traded near $4,337.20, down 0.95%, while #silver was near $66.080, down 0.44%.
