Stories
Gold and Silver Rise on Weak US Dollar and Yields
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CNBC TV18•09-10-2026, 07:41
Gold and Silver Rise on Weak US Dollar and Yields
- •Gold futures rose nearly 1% to $4,197.10 per ounce while silver gained 1.6% to reach $60.395 per ounce in international markets.
- •The precious metals rallied as a softer US dollar and declining US Treasury yields reduced the opportunity cost of holding non-yielding assets.
- •Persistent inflation concerns and expectations of potential monetary tightening by the US Federal Reserve could limit further gains.
- •Geopolitical developments in West Asia and upcoming US economic data remain critical triggers for bullion price movements.
Key Questions Answered
Gold and silver prices rose due to a softer US dollar and declining US Treasury yields, which reduced the opportunity cost of holding non-yielding precious metals and made dollar-denominated bullion more affordable for international investors.
Traders were pricing in an 18% probability of a rate hike in October and an 82% probability of a rate hike in December, while St. Louis Fed President Alberto Musalem noted that the central bank may need to raise rates to meet its 2% inflation target.
Indian investors should track international bullion prices, fluctuations in the US dollar, Treasury yields, and the rupee, as domestic prices are also shaped by currency movements, import duties, local taxes, and market premiums.
