Pressure on Gold and Silver Prices Amid Rising U.S. Bond Yields
Recent macroeconomic factors have been exerting pressure on the prices of gold and silver. The revival in the U.S. Treasury yields has simmered down the shine of these precious metals.
As per the latest statistics, the U.S. 10-year Treasury yield has seen a significant spike, denting the attractiveness of gold and silver as investments. These bullions, typically viewed as safe havens, are finding it tough to compete with the rising yields.
The rise in yields indicates a rebounding U.S. economy, which is also strengthening the dollar – a negative factor for commodities priced in the currency. This coupled with the sentiment of inflationary pressures can lead to further shifts in the market.
Despite this, market experts suggest that this is merely part of a cycle, and the intrinsic value of gold and silver will eventually resurface and thrive. Read More
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