Gold and silver see a slight increase in international markets.
The prices of gold and silver showed a slight increase this Wednesday in international markets, bolstered by a decline in U.S. Treasury yields amid a backdrop marked by slowing retail sales growth in the United States last December.
Gold Driven by Declining Bond Yields
As a result, spot gold rose by 0.3%, reaching $5,038.73 per ounce, while U.S. gold futures for April delivery gained 0.6%, settling at $5,060.60 per ounce.
This movement comes on the eve of the release of key employment data in the United States, highly anticipated by investors to assess the future direction of monetary policy.
Silver Bounces Back After a Tough Session
Meanwhile, silver recorded a 1% increase in spot trading, rising to $81.49 per ounce, after having fallen by more than 3% in the previous session.
Mixed Trends for Other Precious Metals
As for other precious metals, platinum increased by 0.6% to $2,098.78 per ounce, while palladium showed a more modest rise of 0.2%, reaching $1,712.25 per ounce.
This dynamic reflects a cautious atmosphere in the markets, with traders remaining attentive to upcoming economic indicators likely to influence the movement of precious metals.
