Gold rose in early Asian trade amid hopes for a U.S.-Iran peace deal that could lead to lower oil prices.
Articles by Kitco NewsWire were generated by Kitco's AI-assisted reporting workflow and reviewed by Kitco News editorial staff, with every claim independently verified before publication.
Silver extended its decline for a third consecutive session on Monday, with XAG/USD trading around $74.20 per troy ounce during Asian hours. Investors reacted to India's surprise restrictions on silver imports, rising expectations of another Federal Reserve rate hike and weaker investment demand projections from UBS.
Gold consolidated in early Asian trade, but may be weighed by expectations of Fed rate increases that typically reduce the allure of the non-interest-bearing precious metal.
Joe Cavatoni of the World Gold Council breaks down the latest moves in the metals market. He points to geopolitical tensions and Middle East driving prices in the yellow metal higher.
Inflation pressure, rising Treasury yields, and uncertain U.S.-China trade signals keep markets volatile as investors assess the outlook for the U.S. dollar, gold, silver, U.S. stocks, Nvidia, Tesla, and Boeing.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Articles by Kitco NewsWire were generated by Kitco's AI-assisted reporting workflow and reviewed by Kitco News editorial staff, with every claim independently verified before publication.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Silver approached the $90 mark on Wednesday—a level it has not hit in more than two months—closing at $89.17 that day. The price of the metal surged largely because of increasing investor optimism in silver, Bloomberg reported, as well as other factors including President Donald Trump's visit to China.