Dawn
-
08:13 Feb 11, 2026
Gold and silver prices rose on Wednesday as US Treasury bond yields fell after data showed December retail sales growth stalled, signalling a softening economy ahead of key jobs data. Lower US yields reduce the opportunity cost of holding non‑yielding assets such as gold, and they often accompany macroeconomic shifts, like expectations of slower growth or looser policy, that tend to support precious metals. Spot gold was 0.7 per cent higher at $5,057.23 per ounce by 04:23 GMT. US gold futures for April delivery gained 1pc to $5,081.40 per ounce. Spot silver was up 2.3pc at $82.56/oz, after falling more than 3pc in the previous session. “Over the last couple of weeks, (precious metals) became very dislocated from fundamentals, so it pretty much decoupled from interest rate policy. Yields being lower are obviously supportive of gold today,” said Kyle Rodda, a senior market analyst at Capital.com. US yields fell on Tuesday after a raft of data suggested the economy may be softening, giving the US Federal Reserve...