Silver and gold prices saw notable gains on Thursday following dovish comments from Federal Reserve Governor Christopher Waller. According to FX Street, silver advanced by 2.45%, trading at $66.90 after hitting a high of $67.48 during the session.
Gold also experienced a rally, rising more than 2% as market participants reacted to Waller’s cautious tone on monetary policy. These moves reflect growing investor interest in precious metals as a hedge against potential US dollar weakness and uncertainty in US Treasury markets.
For Japanese investors, these developments are significant as fluctuations in precious metals often impact yen-hedged commodity positions and correlate with broader risk sentiment in global FX and equity markets.