Ten-year US Treasury yields hit their highest level since April 2025, further reducing gold’s appeal as a non-yielding asset. Investors now await Friday’s Nonfarm Payrolls (NFP) report, which could provide crucial insights into the Fed’s next policy steps.
Silver is holding strong despite demand for safe havens
Silver (XAG/USD) traded modestly higher, reaching $30.13 with an intraday high of $30.18. The metal has retained its appeal as a safe haven amid geopolitical tensions and economic uncertainty. However, like gold, silver remains under pressure from the strengthening US dollar, which continues to draw investor attention versus non-yielding metals.
Outlook: Fed Speeches and NFP Report
Investors’ attention now shifts to the upcoming speeches from Federal Reserve officials and Friday’s highly anticipated NFP report. These events are likely to influence the trajectory of gold and silver prices in the near term.
Short-term forecasting
Gold is consolidating around $2,658.44 and facing resistance at $2,665.14, while silver is hovering around $30.08, awaiting clarity from Fed speeches and NFP data.