Silver prices rose significantly on Thursday (2/1), the asset strengthened as the US bond yield rally stalled after surging more than 10% in the past four weeks. While market players are currently still looking for more clarity on the US Federal Reserve's interest rate path and President-elect Donald Trump's policies.The 10-year US Treasury yield fell to near 4.55%. Lower bond yields on interest-bearing assets indicate lower opportunity costs for non-yielding assets, such as Silver, which increases its appeal.Silver prices at the time of this news release +1.5% traded at the level of...
Silver (XAG/USD) prices started 2025 on a strong note. The white metal gained nearly 1.50% in the European session on Thursday (02/01) and rose to near $29.40. The asset gained as the rally in US bond yields stalled after surging more than 10% in the past four weeksThe 10-year US Treasury yield dipped to near 4.55%. Lower yields on interest-bearing assets suggest a lower opportunity cost for non-yielding assets, such as Silver, which increases its appeal.Meanwhile, the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, traded sideways near a more than...
Gold hit a two-week high on Thursday, boosted by safe-haven buying and a decline in U.S. Treasury yields, as markets positioned for the prospect of looming Federal Reserve interest rates and President-elect Donald Trump's trade tariffs.Bullion thrives in a low-interest environment and acts as a hedge against economic and geopolitical risks.Russia launched a drone strike in Kyiv early Wednesday, causing damage in at least two districts, while the Israeli military struck the outskirts of Gaza City.Until this news was released, Gold was at $ 2,660 Source: Newsmaker.id