‱ Gold prices continued their breakout rally, pushing toward $5,600/oz amid strong safe‑haven demand and a soft USD. Investors moved into bullion after the U.S. Federal Reserve kept interest rates unchanged, reinforcing gold’s appeal as a portfolio hedge. Silver also climbed sharply, hitting record highs and closing in on the $120 mark.

‱ On domestic exchanges (e.g., MCX), gold futures rose strongly, and silver crossed historic price levels, reflecting robust physical and ETF buying alongside global cues.

‱ Equity markets weakened in several regions, including India’s Nifty and Sensex extending losses, as risk‑off flows intensified and commodities outperformed.

‱ Beyond precious metals, base metals like copper also hit all‑time highs on geopolitical risk and weaker dollar dynamics, underscoring broad commodity strength.


📌 Key Drivers Today

‱ Fed rate pause keeps real yields low → boosts gold & silver demand.

‱ Geopolitical tensions fueling safe‑haven positioning.

‱ Weak dollar supporting commodity prices across the board.

TRADE WATCH

‱ Gold ($XAU ): Nearing record $5,600; momentum strong.

‱ Silver ($XAG ): Approaching $120; heavy volume and breaks key resistance.

‱ Equities: Under pressure vs. outperforming commodities.


#silverandgold #XAU #XAGMoonshot