Gold Prices Rise as Lower US Treasury Yields and Weaker Dollar Support Precious Metals - Yahoo Finance

AI desk brief

Gold edged higher as lower US Treasury yields and a softer dollar supported bullion, with spot gold up 0.1% at $4,174.76/oz and US futures up 0.6% at $4,195.87/oz. Silver rose 0.6% to $57.7855/oz, platinum gained 0.6% to $1,640.78/oz and palladium added 0.9% to $1,143.00/oz, while the Dollar Index slipped 0.2% to 101.9.

The move followed Thursday's 1.6% jump in gold as investors rotated into government bonds amid equity weakness tied to AI spending concerns, pushing Treasury yields down 12-15 bps across maturities. However, the metal remains capped by stronger-than-expected US inflation data and rising expectations of another Fed rate increase, with traders watching Kevin Warsh's IMF remarks for policy signals.