Silver to $39.50: Up 9.4% Past 30 Days
Following better-than-expected U.S. employment data on Thursday, the dollar posted significant gains against major currencies.
The greenback rose 0.77% against the yen to 144.78, gained 0.58% versus the Swiss franc to 0.797, and strengthened against the euro, which fell 0.47% to $1.1743.
The strong jobs numbers indicate the Federal Reserve may maintain higher interest rates for longer than previously anticipated.
This sentiment was reflected in the bond market, where the 2-year Treasury yield jumped 8.9 basis points to 3.88% and the 10-year yield increased 4.9 basis points to 4.342%.
