Gold And Silver Prices Up On Weaker U.S. Dollar

GOLD

The U.S. Dollar index sold off this morning, and U.S. treasury yields dipped, boosting Gold and Silver prices ahead of the weekend. Consumer sentiment is up as well, coming in at 61.8 when economists had called for a 61.5 reading after last month’s final reading of 60.7. Central Banks have also been heavily investing in the yellow metal this year as a politically neutral risk hedge as geopolitical turmoil continues to affect markets and confidence in the U.S. dollar destabilizes with the President’s continued tariff threats.

At 11 am PT today, Gold is trading at $3,353, up $16 as we head into the weekend.

SILVER

Silver rose with Gold this morning, spurred on by the same economic factors as the yellow metal, but also its dual role as an investment metal as well as an industrial resource. Silver is proving very bullish with a 5.59% increase in the last month and a 25% year-over-year rise in value.

At 11 am PT today, Silver is trading at $38.28, up $0.17 from yesterday.