Branch2 Intelligence
Gold, silver prices today: Comex gains as softer US jobs data, Warsh remarks ease Fed hike bets
Key takeaway
Softer US jobs data and dovish Warsh comments ease Fed rate hike fears, boosting gold and silver prices.
- Step 11st-order: Softer US jobs data and dovish Warsh comments reduce Fed rate hike expectations.
- Step 22nd-order: Lower rate hike probability weakens USD and lowers real yields, boosting gold and silver prices.
- Step 33rd-order: Gold miners' revenue and profitability improve, lifting their equity valuations.
Source: IN:Mint
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