The yield on the 10-year U.S. Treasury note has reached its highest level since April 2025, further reducing the attractiveness of gold as a non-yielding asset. Investors are currently awaiting Friday's Nonfarm Payroll (NFP) report, which could provide important insight into the Fed's next policy move.
Silver holds ground amid safe haven demand
Silver (XAG/USD) rose slightly to $30.13, with an intraday high of $30.18. The metal retains its appeal as a safe haven amidst geopolitical tensions and economic uncertainty. However, like gold, silver continues to be under pressure from a strong US dollar and continues to attract more investor attention than lower-yielding metals.
Outlook: Fed speech and NFP report
Investor attention now turns to upcoming speeches from Federal Reserve officials and Friday's long-awaited NFP report. These events could impact the trajectory of gold and silver prices in the short term.
short term forecast
Gold has consolidated near $2,658.44 and faces resistance at $2,665.14, while silver is hovering around $30.08 awaiting clarity from Fed speech and NFP data.
