šŖ $XAUT & Silver MARKET UPDATE
Gold and Silver remain volatile as elevated U.S. Treasury yields and a stronger dollar continue to pressure precious metals. However, weaker-than-expected U.S. job growth has reduced expectations of another Fed rate hike, which could provide support to both metals. ļæ½
Reuters +1
š Gold: ~$4,146/oz
š Silver: ~$60.17/oz
ā ļø Key drivers: USD + Treasury yields + Fed rate expectations
#Gold #Silver #XAUUSD #XAGUSD #Binance #Markets ī
Gold and Silver remain volatile as elevated U.S. Treasury yields and a stronger dollar continue to pressure precious metals. However, weaker-than-expected U.S. job growth has reduced expectations of another Fed rate hike, which could provide support to both metals. ļæ½
Reuters +1
š Gold: ~$4,146/oz
š Silver: ~$60.17/oz
ā ļø Key drivers: USD + Treasury yields + Fed rate expectations
#Gold #Silver #XAUUSD #XAGUSD #Binance #Markets ī