Gold and silver are trading lower amid a pullback following recent strength as Treasury yields rise.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver are trading lower due to a pullback following recent strength, as Treasury yields rise.
July 19, 2024 | 1:18 pm
News sentiment analysis
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NEGATIVE IMPACT
The SPDR Gold Shares ETF (GLD) is trading lower as gold prices decline due to rising Treasury yields.
Rising Treasury yields typically make non-yielding assets like gold less attractive, leading to a decline in gold prices and consequently the GLD ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares Silver Trust ETF (SLV) is trading lower as silver prices decline due to rising Treasury yields.
Rising Treasury yields typically make non-yielding assets like silver less attractive, leading to a decline in silver prices and consequently the SLV ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100