Gold and Silver Rise as Oil Rally Lifts Yields and Sways Markets

Gold and silver climbed as crude oil’s rally pushed Treasury yields higher and weighed on equities; spot gold hovered around $4,414/oz (+0.9%) and spot silver near $65.65 (+1.7%). U.S. and European stocks ended lower as higher oil fed inflation concerns, while the dollar weakened and Fed-hike odds cooled. The 10-year yield stayed near 4.7%, with Brent above $90 and WTI about $84.60. Investors awaited Fed minutes and PMI data; gold’s gains are supported by a softer dollar and inflation risk, though higher yields cap further upside. Technicals point to resistance around $4,447–$4,534 and support near $4,326–$4,276, while silver eyes a move beyond $67 toward $69–$70.