Editor’s Note
Gold prices continue their ascent as markets await key U.S. economic data, reflecting ongoing investor caution amid broader financial uncertainty.
Gold prices rose nearly 1% this Monday, extending gains from last week following a strong rally of around 4% recorded on Friday, as investors prepare for the release of several U.S. economic indicators that were postponed.
The precious metal remained on an upward trajectory throughout the session, consolidating an advance that pushed prices to their highest levels in several weeks, amid persistent uncertainty in financial markets.
Silver showed an even stronger performance, with an increase close to 5% on Monday, after having surged nearly 10% in the previous session, reflecting renewed interest in precious metals.
Market attention is now focused on key U.S. economic data to be released later in the week, including delayed employment and inflation reports, which could offer new clues about the direction of the Federal Reserve’s monetary policy.
The precious metals rally responds to a reassessment of economic growth prospects and the trajectory of interest rates, and upcoming data is expected to decisively influence market sentiment and short-term investment decisions.
