Silver rate today: Silver prices ticked higher on Friday, March 6 as investors adopted a cautious stance while evaluating the potential economic fallout from the escalating conflict in the Middle East. A slight decline in the US dollar also lent support to precious metals, making dollar-denominated bullion cheaper for buyers using other currencies. Silver price…
Gold rate today: Gold and silver saw renewed buying in Wednesday’s session, driven by softness in the US dollar and the widening tensions in the Middle East. Gold, often deemed a safe-haven asset during times of crisis, gained $95 per troy ounce on Comex to $5,218 per ounce on 4 March. The March silver futures…
Gold rate today: Despite tensions in the Middle East intensifying, precious metals have pulled back sharply in Tuesday’s session, March 3, weighed down by a strong US dollar, which has made greenback-priced commodities more expensive for holders of other currencies. Gold, often deemed a safe-haven asset by investors during times of crisis, fell $230 per…
Gold, silver rate today: Silver prices plunged 11% on Tuesday, reversing gains after touching a more than four-week high a day earlier. Gold price also fell paring early gains. The sharp fall in precious metals came as the US dollar climbed to a one-month high, offsetting safe-haven flows triggered by an escalating US-Israeli air war…
Gold and silver prices traded with extended gains in Monday’s session, as escalating tensions in the Middle East boosted the appeal of safe-haven assets, bringing the yellow metal within sight of its recent record highs. Gold, often deemed a safe-haven asset by investors during times of crisis, rose $187 per troy ounce (Comex) to $5,434…
Gold price today: Precious metals—gold and silver—held firm in Friday’s session, as rising tensions in the Middle East continued to support safe-haven demand, while uncertainty over US trade policy kept risk-off sentiment intact, positioning gold for its seventh consecutive monthly gain and silver for its tenth straight monthly advance. The April futures contract on Comex…
Silver inventories on the Commodity Exchange, Inc. (COMEX) and the Shanghai Futures Exchange (SHFE) have declined sharply, reflecting sustained drawdowns across key global trading hubs. Total COMEX silver inventories as of February 26 fell to 360.64 million ounces, a drop of 1.21 million ounces, or 0.33% from the previous day. This is a sharp fall…
Gold and silver held firm on Friday, 20 February, with investors gravitating toward safe-haven assets amid rising Middle East tensions and military mobilization by both Iran and the US, despite the US Dollar Index being on course for its biggest weekly surge since October. The April futures contract on Comex jumped $71 per troy ounce…
Investors flocked to precious metals for the second straight session on Thursday, 19 February, as rising geopolitical tensions kept demand for safe-haven assets elevated. Investors also evaluated the Federal Reserve’s monetary policy path. Extending its winning run to a second day, the April futures contract on Comex gained another $31.4 per troy ounce to hit…
Gold price today: Precious metals regained momentum in Wednesday’s trade, as investors awaited the release of the minutes from the Federal Reserve’s most recent policy meeting, the US Core PCE number, and speeches by several Fed officials to gauge clues on US monetary policy. After falling to a weak low in the previous trading session,…
