2 Year Yield

Gold’s brief rally built on a dovish Federal Reserve signal lost momentum after August payrolls came in stronger than expected. The move shifted attention back to yields, the dollar, and rate expectations, leaving precious metals under renewed pressure.

The Dow Jones Industrial Average ended flat as rate-hike risk returned to the center of market debate following Kevin Warsh’s Jackson Hole remarks. Industrials weakened under pressure from higher yields, while Amazon, Apple and Microsoft helped cushion the index.

Spot silver fell sharply after Fed Chair Kevin Warsh signaled that policymakers may not be finished tightening, pushing yields and the dollar higher. The decline outpaced gold, underscoring silver’s added vulnerability to industrial-demand concerns.