Gold continues to be supported by expectations of dovish monetary policy from the Federal Reserve, economic uncertainty, and geopolitical tensions, said ActivTrades analyst Ricardo Evangelista.
Although non-farm payrolls increased by 64,000 jobs, the US unemployment rate rose to 4.6% in November, its highest level since September 2021.
The market is awaiting key US inflation data this week, with the Consumer Price Index due on Thursday and Personal Consumption Expenditures on Friday.
Last week, the Federal Reserve delivered its third and final quarter-point interest rate cut of the year, and Chairman Jerome Powell's comments were seen as less aggressive than expected. Traders are predicting two 25 basis point cuts by 2026.
Non-yielding assets like gold typically perform well in a low interest rate environment. On the geopolitical front, U.S. President Donald Trump on Tuesday ordered a "blockade" of all sanctioned oil tankers entering and leaving Venezuela.
Platinum rose 3.8% to $1,920.71, its highest in more than 17 years, while palladium rose 1.9% to $1,634.29, its highest in two months.
"The entire white metals sector is surging in parallel, and the European Union's plan to lift its ban on internal combustion engines by 2035 is clearly providing a significant boost to the sector," Norman added. (alg)
Source: Reuters.com
Silver prices (XAG/USD) reversed their decline on Wednesday (January 7th) after three sessions of surges. Silver fell around 2.5% to around US$79.27 per troy ounce in the latest trading session, marki...
The silver market remains firmly focused on the fundamentals that support today's high prices. Despite some corrections in recent days, the underlying structure of the silver market remains tight due ...
Silver rose to around $79 per ounce on Tuesday, marking a third consecutive session of gains and moving toward record levels. The US attack on Venezuela and the capture of President Nicolas Maduro add...
Silver prices strengthened today, January 2, 2026, as investor interest increased at the start of the year. Market sentiment was driven by persistently high global uncertainty, leading silver to regai...
Silver prices traded steadily on Wednesday, December 31, 2025, as the year draws to a close. Price movements tended to be limited as many investors opted to hold off amid low liquidity and a relativel...
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer...
Oil prices were little changed in Asian trading on Thursday after US President Donald Trump backed down from a threat to impose tariffs on European countries over Greenland. This decision helped ease geopolitical tensions and improve market...
The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related...