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2025-12-15 10:38:11
[Weakening US Treasury Yields Support Gold Prices, Silver Resumes Gains] 1. Gold prices rose on Monday, supported by weaker US Treasury yields, with spot gold rising as much as 0.67% to $4328.79 per ounce. Silver, after hitting a record high last week, is currently stabilizing. 2. On Friday, gold prices touched $4354, the highest level since October 21. Year-to-date, gold has risen by approximately 64%, breaking multiple records and becoming one of the best-performing major assets in 2025. 3. The yield on the 10-year US Treasury note fell 0.2% on Monday, increasing the attractiveness of gold as a non-interest-bearing asset. Although the Federal Reserve decided to cut interest rates by 25 basis points last week with a rare divided vote, it also indicated that it might pause further rate cuts given persistent inflation and an uncertain labor market outlook. Two dissenting Fed officials pointed out on Friday that inflation remains too high and that there is insufficient justification for lowering borrowing costs in the absence of recent official price data. 4. Currently, investors expect two rate cuts next year. This week's US non-farm payroll report is expected to provide more clues about the Federal Reserve's future policy path. Meanwhile, spot silver resumed its upward trend on Monday, currently trading at $62.54 per ounce, up about 1.1%. Silver prices hit a record high of $64.64 per ounce last Friday, but subsequently fell sharply and closed lower. Driven by factors such as tightening inventories, continued growth in industrial demand, and its inclusion in the US critical minerals list, silver rose about 6% last week, with a cumulative increase of 115% this year.
