Although gold and silver are stuck in neutral as rising inflation fears cool investor interest, the current price action doesn’t take away from the unprecedented demand for bullion, as the British Royal Mint reported record demand early in the year.
Spot gold prices are near steady and spot silver prices are higher after the close Thursday, as lower crude oil prices and easing Treasury yields offset a firmer U.S. dollar. At the time of writing, spot gold was trading near $4,542.40 an ounce, down 0.04%, while spot silver was trading near $76.655, up 1.03% on the session.
Gold and silver continue to do what they do best: frustrate traders, as the precious metals have become significantly more nuanced within their broader consolidation pattern.
Gold and silver are managing to hold key near-term support levels ahead of the weekend, and while the precious metals remain stuck in relatively neutral territory, some analysts have said that the volatility in bond markets this past week could be a sign of shifting fears in the marketplace.
Abaxx Technologies announced Friday that trading has officially commenced in its Silver Singapore (SSP) futures contract, marking the latest step in the company’s effort to position Singapore as a major global hub for precious metals trading and price discovery.
London-listed Nativo Resources has partnered with an experienced Peruvian mining services and general contracting provider called Constructora e Inversiones Andina Kuboc to identify new gold and other precious metal mining opportunities in Peru.
Silver prices remain stuck in a frustrating consolidation pattern below $80 an ounce; however, the precious metal could be poised to benefit from a broad rotation out of overvalued technology stocks and into hard assets as mounting geopolitical and economic risks fuel inflation and undermine confidence in traditional financial markets, according to one fund manager.
Gold closed higher on Monday, gaining $27.20, or 0.60%, to settle at $4,570 per troy ounce — snapping a four-session losing streak that had erased $180 from the metal’s value last week. The session offered a measure of relief for bullion bulls, though analysts cautioned that the drivers lifting prices remain fragile.
Spot gold prices are lower and spot silver prices are sharply lower after the close Thursday, as firmer Treasury yields and a stronger dollar offset safe-haven demand tied to renewed Strait of Hormuz tension. At the time of writing, spot gold was trading near $4,650.30 an ounce, down 0.80%, while spot silver was trading at $83.360, down 4.58% on the session.
Coinbase, the second-largest cryptocurrency exchange by daily trading volumes and the largest in the United States, has launched gold and silver perpetual futures for eligible non‑U.S. traders, bringing two of the world’s most established store‑of‑value assets into the crypto derivatives ecosystem.
