Gold and silver hold the line into the rate pullback; copper sits at the month high

Gold and silver held their ground through a higher-for-longer rate repricing, while copper parked at the top of its month. The metals complex is flat to firmer even as crude sheds its conflict premium, which leaves one question on the table: does the structural bid in bullion survive a push in long-end Treasury yields toward 5%? See our gold coverage for the broader setup.

Key Takeaways Gold traded at $4,372.30, down 0.09%, and defended the $4,333-4,372 support band; the 1-month range is $4,333-4,698 with a 20-day average near $4,468. Silver rose 0.50% to $66.86, outperforming gold, and the gold/silver ratio compressed from roughly 66 toward 65.4 on industrial demand. Copper sat at $6.83, the…