Silver to $39.50: Up 9.4% Past 30 Days
On Friday, spot gold fell to $3,343.00 per ounce (–0.7%) and U.S. futures slid to $3,344.50 (–0.9%) as the U.S. dollar index rebounded from a two-week low and benchmark 10-year Treasury yields ticked higher.
Traders cheered news that the U.S. and EU are close to a negotiated tariff solution, and U.S. jobless claims dropped to a three-month low—signs that the Fed may hold rates steady rather than cut soon. While President Trump publicly urged Fed Chair Powell to lower rates, markets now price in only a September easing.
Analysts say central-bank gold buying could underpin prices, but a fresh wave of ETF inflows and deeper Fed cuts would be needed to push gold back toward year-end targets around $3,675/oz.
