
Spot gold and silver were bid higher ahead of the North American open as short covering followed last week’s selloff. The move is occurring while U.S. Treasury yields, the dollar, and crude oil were largely firm, suggesting a technical rebound rather than a clear macro shift. Overall impact is likely limited to near-term price action in precious metals.
Spot gold and silver were bid higher ahead of the North American open as short covering followed last week’s selloff. The move is occurring while U.S. Treasury yields, the dollar, and crude oil were largely firm, suggesting a technical rebound rather than a clear macro shift. Overall impact is likely limited to near-term price action in precious metals.
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neutral
Sentiment Score
0.10