Gold Makes Worst Losing Run in 4 Decades, Silver Plunge Tests $50 Again

AI desk brief

Gold’s Friday London benchmark was around $3,890/oz, down 3.5% weekly, marking 10 losing weeks in 12; silver fell 3.8%, dipping below $50 intraday but benchmarking above it. US 10-year TIPS yields rose 0.24 percentage points to 2.87%, which could pressure non-yielding bullion if sustained, despite Friday’s modest easing in rate-hike bets. Core producer inflation held at 5.0% annually. BMO forecasts a record silver surplus by 2030 as solar manufacturers thrift following the spike above $120; its bearish assessment says the bull case requires exceptionally strong investment demand for years.