Gold and silver are trading higher amid a drop in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver prices have increased as Treasury yields have fallen.
May 09, 2024 | 7:45 pm
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POSITIVE IMPACT
The price of gold has increased, potentially leading to a positive impact on GLD.
As GLD is a gold-backed ETF, an increase in gold prices usually leads to a corresponding increase in GLD's price due to direct correlation between the asset it represents and its market value.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
The price of silver has increased, potentially leading to a positive impact on SLV.
As SLV is a silver-backed ETF, an increase in silver prices usually leads to a corresponding increase in SLV's price due to direct correlation between the asset it represents and its market value.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90