Gold Rallies, Silver Doesn't as Tech Stocks Sink with Bond Yields

AI desk brief

Gold rebounded to $4,150/oz at the London PM fix as long-term rates fell sharply, with the 10-year U.S. Treasury yield down 14bp to its lowest in almost a month. Silver failed to follow, dropping to a 3-month low at $55.41/oz and pushing the gold/silver ratio above 73, its highest since December, as the AI-tech selloff and weaker industrial-risk backdrop hit the more cyclical metal.

The article frames the move as a divergence between haven demand and industrial exposure: gold benefited from the bond rally and softer dollar, while silver and platinum were pressured by plunging tech stocks across Asia. Palladium staged a partial rebound from a 15-month low, but the broader message is that lower yields are supporting gold more than industrial precious metals.