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Gold: Rally faces questions as buybacks reshape yields – BNY
BNY Mellon’s Geoff Yu notes Gold has surged through $4,500/oz. as investors reassess U.S. Treasury buybacks and their inflation implications. The report argues the intervention has calmed bond markets but may shift pressure into alternative stores of value like Gold and Bitcoin.
Silver gives back some gains as US yields rebound
Silver (XAG/USD) declines 0.44% on Thursday and trades around $66.70 at the time of writing, giving back part of Wednesday’s gains.
Gold reclaims $4,500 despite rebound in US Treasury yields and US Dollar
Gold (XAU/USD) trims its earlier intraday losses during American trading hours on Thursday and climbs back above the $4,500 mark, even as US Treasury yields rebound and the US Dollar (USD) stabilizes following the previous day’s sharp pullback.
Gold Price Forecast: XAU/USD corrects below $4,500 as Yields recover some losses
Gold price (XAU/USD) is down 0.7% to near $4,490 in the European trading session on Thursday. The precious metal retreats from its 11-week high of $4,527 posted earlier in the day. The yellow metal comes under pressure as United States (US) Treasury Yields claw back some of Wednesday’s losses.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $66.71 per troy ounce, down 0.42% from the $67.00 it cost on Wednesday.
Silver Price Forecasts: XAG/USD stands tall near $67 supported by US Treasury’s buybacks
Silver (XAG/USD) is practically flat on Thursday, holding most of Wednesday’s gains, trading just above $67.00 at the European session opening.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Silver Price Forecast: XAG/USD refreshes two-month high as US doubles bond buyback plan
Silver price (XAG/USD) posts a fresh two-month high at $67.33 in the Asian trading session on Thursday.
Gold bears seem hesitant as sustained USD selling offsets hawkish Fed and Iran risks
Gold (XAU/USD) maintains its offered tone below the $4,500 mark through the first half of the European session on Thursday. Wednesday's hawkish FOMC Minutes turn out to be a key factor undermining the bullion.
US Treasury Department to buy back more longer-term bonds
The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
Gold climbs above $4,500 as US Dollar, yields fall
Gold price (XAU/USD) rises to around $4,520 during the early Asian session on Thursday. The precious metal surges to the highest since early June amid the weakening US Dollar (USD) after the US Treasury Department stepped in to provide relief to bond markets.
Silver Price Forecast: XAG/USD eyes $67 as US yields slide
Silver (XAG/USD) price reversed course on Wednesday and soared over 5% as US Treasury yields edged lower, following the US Treasury stepping in to cap long-end US bond yields, which had reached levels last seen in 2007.
Silver surges as Treasury buyback plan sinks the US Dollar
Silver (XAG/USD) trades sharply higher on Wednesday, changing hands near $65.80. The metal is riding a broad rally across precious metals with Gold (XAU/USD) soaring toward $4,500.