Gold and silver prices held firm in Wednesday’s trading session, despite an upbeat US jobs report that dampened expectations of swift Federal Reserve rate cuts. Earlier in the day, the April futures contract on Comex surged $113 per troy ounce to hit an intraday high of $5,144. At current levels, prices are trading at $5,104….
Safe-haven assets turned volatile in Tuesday’s session, following a two-day recovery rally, as investors appeared to be holding back on fresh bets ahead of the release of key US economic data that could shape the outlook for US Federal Reserve monetary policy. After a nearly $100-per-troy-ounce jump in the previous session, the April futures contract…
Both precious metals—gold and silver—remained higher during Monday’s session, as the recent sharp correction appeared to have triggered value buying, while softness in the US dollar also aided sentiment. In addition, the election victory of Japan’s conservatives, who are pushing for higher fiscal spending, and a Bloomberg report stating that China is urging local banks…
Gold prices recouped part of their recent losses during Friday’s session, as the sharp correction appeared to have triggered value buying, while softness in the US dollar also aided sentiment. On the economic front, weaker US labor market data reinforced expectations of a US Federal Reserve rate cut in June, supporting safe-haven demand. On the…
After a two-day relief rally, both silver and gold prices came under renewed selling pressure during Thursday’s session on 9 February, wiping out the recent recovery. Prices were pressured by a firm US dollar, a lack of fresh triggers, and easing geopolitical tensions, which kept safe-haven metals out of investors’ radar. Following a flat close…
Gold and silver traded higher on Wednesday, 4 February, following strong gains in the previous session, as the recent dip in safe-haven assets encouraged investors to accumulate both metals, reviving their upward momentum. After a 6% rally, the biggest daily gain since 2008, April futures contracts on Comex jumped another $179, or 3.62%, to the…
Precious metals—gold and silver—have returned to their bull run in Tuesday’s session after remaining under pressure for two straight sessions, which marked the worst period for both metals in over a decade. After Friday’s plunge, its worst day in 46 years, and another 1.9% retreat on Monday that left gold down 13% over two sessions,…
