FED Governor Waller

Gold strengthened as a weaker U.S. dollar, softer Treasury yields, and record ETF holdings helped bullion recover above a key technical barrier. Silver also rebounded, but its rally faces a more complicated backdrop as investment demand improves while solar-related consumption weakens.

Gold’s one-day surge lost traction after stronger labor data pushed short-end yields higher and helped the dollar recover from its weekly low. Market participants are now reassessing whether a brief dovish Fed signal can hold against resilient payrolls, firm wages and renewed rate pressure.