Factors driving the surge in gold and silver prices
Gold and silver values have climbed by over 5% throughout this week. This upward trend is fueled by a decline in US Treasury yields, a softer dollar, and emerging geopolitical instability. The US Treasury’s strategy to increase long-term debt buybacks has caused bond yields to drop, which increases the appeal of gold since it does not pay interest. At the same time, ongoing friction near Iran and the Strait of Hormuz is heightening the demand for these metals as safe-haven assets.
by shortkt.com✓