The 10-year US Treasury yield hit its highest level since April 2025, further reducing gold’s appeal as a non-yielding asset. Investors now await Friday’s Nonfarm Payrolls (NFP) report, which could provide crucial insights into the Fed’s next policy moves.
Silver Holds Ground Amid Safe-Haven Demand
Silver (XAG/USD) traded modestly higher, reaching $30.13 with an intraday high of $30.18. The metal has retained its safe-haven appeal amid geopolitical tensions and economic uncertainty. However, like gold, silver remains under pressure from the strengthening US Dollar, which continues to attract investor attention over non-yielding metals.
Outlook: Fed Speeches and NFP Report
Investor focus now shifts to upcoming speeches from Federal Reserve officials and the much-anticipated NFP report on Friday. These events will likely influence the trajectory of gold and silver prices in the short term.
Short-Term Forecast
Gold consolidates near $2,658.44, facing resistance at $2,665.14, while silver hovers around $30.08, awaiting clarity from Fed speeches and NFP data.
Gold Prices Forecast: Technical Analysis
Source: Gold (XAU) Silver (XAG) Daily Forecast: Mixed Sentiment Persists with ADP Data and NFP
