Gold and silver bounced Wednesday as U.S. Treasury yields slid to near one-month lows following weak December retail sales data. Slower consumer spending is fueling expectations that the Fed may need to cut rates sooner and more aggressively in 2026.
Spot gold climbed toward $5,050, with futures moving above $5,070. Silver rebounded over 2% after Tuesday’s sharp 3% drop, showing how quickly volatility can reset positioning. Platinum and palladium also posted solid gains.
With markets now pricing in at least two rate cuts this year, all eyes shift to the U.S. nonfarm payrolls report and upcoming inflation data. If economic softness continues, lower yields could keep supporting precious metals in the near term.
XAGUSDT
Perp
75.66
-8.33%
XAUUSDT
Perp
4,939.47
-2.43%