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Gold and silver recover as Treasury yields ease, but persistent inflation keeps Fed rate hike risks in focus ahead of Warsh’s comments.
Gold prices advanced on Thursday as a weaker US dollar and declining Treasury yields supported demand for the precious metal, despite stronger-than-expected US inflation figures that increased expectations of further Federal Reserve interest rate rises. At 04:41 ET (08:41 GMT), spot gold gained 1.
(Kitco NewsWire) – Spot gold and silver prices are solidly higher in early U.S. trading Thursday, rebounding from Wednesday's sharp losses as falling Treasury yields, a weaker U.S. dollar and renewed safe-haven demand outweighed another upside U.S. inflation surprise. A technology-led global equity selloff pushed…