Gold breaks $4,000 as yields rise, Fed-rate relief fades

Spot gold and silver fell sharply late Thursday as resilient U.S. economic data and firmer Treasury yields—along with a stronger U.S. dollar—outweighed support from this week’s softer inflation prints. Geopolitical risk related to the renewed Strait of Hormuz concern provided only limited offset, keeping the precious metals tape bearish.

Analysis

Spot gold and silver fell sharply late Thursday as resilient U.S. economic data and firmer Treasury yields—along with a stronger U.S. dollar—outweighed support from this week’s softer inflation prints. Geopolitical risk related to the renewed Strait of Hormuz concern provided only limited offset, keeping the precious metals tape bearish.