Markets
Gold (XAUUSD) & Silver Price Forecast: Can Gold Clear $4,146 Ahead of US Payrolls?
Gold and Silver News: Lower Yields Support Demand as Payrolls Loom Spot gold trades near $4,140 per troy ounce and spot silver near $53.07 per troy ounce. Gold and silver gained support Thursday as the dollar and Treasury yields eased following the Democratic victory in the US midterm elections, Reuters reported. Yields are the returns investors receive on bonds; lower yields can make metals, which pay no interest, more attractive. A softer dollar also makes dollar-priced metals cheaper for overseas buyers. Even so, expectations of further Federal Reserve tightening remain a constraint on the recovery. Friday’s US employment report is...
FXEmpire5 min read
