Precious Metals Advance as Oil Stabilizes and Yields Retreat from Record Highs

Precious metals climbed in late U.S. trading as Treasury yields pulled back from multi-decade highs and the dollar eased. Gold traded near $4,165.40 an ounce, gaining 0.63%, while silver reached $61.260, up 0.53%. U.S. and European equities rose on AI optimism and lower yields, with S&P 500 hitting 7,818.93.