Gold, Silver Cross $1 Trillion In Value In A Day: What’s Driving The Precious Metals Rally? - TradingView

AI desk brief

Spot gold rose nearly 2% to $4,137.49 an ounce and silver gained 1.72% to $53.11 at the article’s reporting time. Saxo Bank’s Ole Hansen attributed the rally to a softer dollar and lower Treasury yields, linking these to expectations that a Democrat-controlled Congress could constrain Trump’s fiscal agenda. Reported 10-year and 30-year Treasury yields were 4.839% and 5.231%; these nominal yields alone do not establish a real-yield tailwind. GLD gained more than 1% and SLV 1.4%, but ETF price gains and bullish retail sentiment do not establish physical inflows.