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Gold rises above $4700 as dollar weakens and Treasury yields fall, boosting silver and platinum too.

Market News
08 May 2026
FXEmpire
Bullish
pluang ai news

Gold prices climbed above the $4700 mark driven by a weaker U.S. dollar, declining Treasury yields, and lower oil prices amid geopolitical tensions. Silver also gained, breaking above $80 as the gold/silver ratio dropped, signaling potential further upside. Platinum rebounded towards resistance near $2040-$2060, supported by industrial demand and falling oil prices. If gold sustains above $4700, it could test higher resistance levels, while silver and platinum also show potential for further gains depending on market catalysts and geopolitical developments.

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