🥇 Gold steadies, 🥈 silver jumps as bond-market pressure hits equities
Spot gold late Thu: $4,520.30 (-0.04%) after Wed’s +4.35% explosion. Held above $4,500, pulled back from $4,541.70 high.
Spot silver: $68.04 (+1.72%) — standout. Traded to $69.11, staying firmly above the $66.55 breakout.
US stocks closed lower (S&P -0.9%, Dow -1.3%) as the 10Y yield rebounded toward 4.69% and the 30Y hit ~5.23%. Claims came in better (206k), Philly Fed jumped to 47.4. Fed minutes showed some officials preferred a hike; policy held at 3.50–3.75%.
🛢️ Oil firmer on Hormuz/Iran risk (WTI ~$87.83, Brent ~$93.78). Dollar softer.
🥇Gold: supported by geopolitics/dollar but capped by long-end yields. Next res $4,595 then $4,778. Support $4,447 then $4,320.
🥈Silver: stronger momentum. Next res $68.02 / $69.48. Support $66.55 / $64.20.
Traders now watch Friday flash PMIs.
#Gold #Silver #Trading
TRADE $XAU or $XAG here👇
Spot gold late Thu: $4,520.30 (-0.04%) after Wed’s +4.35% explosion. Held above $4,500, pulled back from $4,541.70 high.
Spot silver: $68.04 (+1.72%) — standout. Traded to $69.11, staying firmly above the $66.55 breakout.
US stocks closed lower (S&P -0.9%, Dow -1.3%) as the 10Y yield rebounded toward 4.69% and the 30Y hit ~5.23%. Claims came in better (206k), Philly Fed jumped to 47.4. Fed minutes showed some officials preferred a hike; policy held at 3.50–3.75%.
🛢️ Oil firmer on Hormuz/Iran risk (WTI ~$87.83, Brent ~$93.78). Dollar softer.
🥇Gold: supported by geopolitics/dollar but capped by long-end yields. Next res $4,595 then $4,778. Support $4,447 then $4,320.
🥈Silver: stronger momentum. Next res $68.02 / $69.48. Support $66.55 / $64.20.
Traders now watch Friday flash PMIs.
#Gold #Silver #Trading
TRADE $XAU or $XAG here👇