Strength in gold spilling over silver trading: Mirae Asset Sharekhan

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Strength in gold spilling over silver trading: Mirae Asset Sharekhan - Business Standard

Quick Summary:

Buoyed by safe haven demand, as gold hit a fresh record high of $3,059 on Trump's auto tariffs, and a weaker dollar, spot silver reached a fresh cycle high of $34.

Silver prices sustaining at higher levels amid elevated 10-year US yields and rising tariff tensions is a positive sign for the metal.

The thirty-year yields at 4.75 per cent reached the highest level since February 20.