Key Facts
A gold-tracking proxy settled at US$4,059 an ounce, recording a decline of 0.63% from the previous session.
A silver-tracking proxy settled at US$59.08 an ounce, making a solid advance of 1.51% on the day.
The U.S. dollar exchange rate is a primary driver because these metals are priced in dollars, so a stronger dollar makes them more expensive for buyers using other currencies and can pressure prices lower.
Real yields are inflation-adjusted government bond interest rates, and higher real yields tend to weigh on non-yielding assets such as gold by increasing the opportunity cost of holding metal instead of interest-paying bonds.
