Gold and Silver Trim Post-Midterms Rebound as AI Tech Stocks Slump - BullionVault

AI desk brief

Gold retreated from $4146 to as low as $4078 in late London trade Thursday, while silver fell $1.50 after reaching $53.48, trimming post-US-midterm rebounds as technology stocks slumped. Ten-year nominal Treasury yields fell 7 basis points this week to 4.87%, but TIPS real yields rose 3 basis points; higher real yields and Thursday's dollar recovery could weigh on bullion, although gold's recent correlation with real yields was positive. Metals Focus said divided government would curb Trump's fiscal agenda but meaningful deficit reduction remained unlikely, potentially limiting long-yield declines. Reported orders to resume major US combat operations added geopolitical uncertainty.