Gold and Silver Prices Settle Amid Market Adjustments and Investor Caution
Gold and silver prices have stabilized after a period of volatility, with Gold settling at $4,111 per ounce and silver at $48.53. The retreat follows a profit-taking spree after both metals hit record highs earlier this month, with gold peaking at $4,377 per ounce.
The rally in precious metals was driven by global economic uncertainties and inflation fears, as investors sought safe-haven assets. However, a stronger dollar and rising bond yields have since pressured prices, making commodities more expensive for foreign buyers and diverting capital to yield-bearing alternatives.
Mixed economic signals from major economies continue to fuel caution. While some data points to recovery, lingering uncertainties keep markets on edge, reinforcing the cyclical demand for gold and silver as hedges against instability.
