Gold prices boosted by interest rate optimism, lower USD and Treasury yields, silver will follow after Fed cuts – Heraeus
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Gold prices are rising due to expected Fed rate cuts, U.S. dollar weakness, and falling Treasury yields; gold reached an all-time high of $2,531/oz mid-week; managed money investors hold a net long position of 22 million ounces as of August 16; two-year Treasury yields are below 4% compared to a Federal Funds Rate of 5.5%; gold is currently trading at $2,517.77, up 0.22%; silver demand remains strong with Perth Mint sales rebounding in July, but year-to-date sales are down 47% at 5.55 million ounces; silver prices are expected to rise as interest rates fall; spot silver reached $30.192 per ounce before trading at $29.848, up 0.06%; the article is authored by Ernest Hoffman.

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https://www.kitco.com/news/article/2024-08-26/gold-prices-boosted-interest-rate-optimism-lower-usd-and-treasury-yields