Gold futures rose from year-to-date lows on falling yields.

Dan Deming analyzes the recent upward momentum in the metals markets. Gold futures are trading higher for a second consecutive session, moving towards the top end of their one-week range. This upward price action stems from a shifting dynamic in interest rates, as a rally in Treasury markets and lower yields on the back end of the curve have helped alleviate recent selling pressure. While Gold futures remain near their lowest levels since early January, they are finding short-term stability. Deming also notes that Silver and Copper futures are mirroring this positive trend, bouncing off lows dating back to mid-December. Overall, the metals complex is experiencing a broadly positive session.