Gold at US$4,480, Silver US$66.37 as Dollar Eases
Gold and silver rose Thursday as the dollar weakened and Treasury yields slipped. Mexico and Peru miners stand to gain from the precious metals rally. The post Gold at US$4,480, Silver US$66.37 as Dollar Eases appeared first on The Rio Times .
Gold and silver prices surged on Thursday, September 3, 2026, as the U.S. dollar weakened and Treasury yields eased. The gold-tracking proxy closed at US$4,480 an ounce, marking a 2.16% daily increase, while the silver proxy reached US$66.37 an ounce, up 2.44%. The rally was driven by a softer dollar, which made precious metals cheaper for buyers using euros, pesos, or soles.
Easing yields and safe-haven demand also contributed to the price uptick, as investors viewed metals as a hedge against geopolitical uncertainty and softer U.S. labor market signals.
For Latin America, the price gains hold direct significance, as Mexico is the world's leading silver producer and Peru is a significant silver and gold miner. Higher metal prices translate into increased export revenues for both countries and lift shares of domestic mining companies. The rally's broad-based nature suggests gains should benefit Mexico's silver sector and Peru's mining shares, rather than a single company.
The key variable to watch is the upcoming U.S. jobs data, which will influence expectations for Federal Reserve policy, the dollar, and yields. A soft jobs report could further weaken the dollar, supporting gold and silver prices. Fundamentally, the rally appears well-supported by the dollar and yield dynamics but remains to be confirmed by actual labor market data.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
