Metal Market Sees Strong Recovery
Recently, the international precious metals market has shown strong momentum, with gold and silver prices rising significantly. Spot gold broke through $4940 per ounce, gaining 0.35% during the day. At the same time, spot silver steadily climbed, reaching $76 per ounce, with a gain of 1.03%.
Improving Market Sentiment
Driven by multiple positive factors, the precious metals market has shown strong short-term movement. Analysts noted that recent changes in the macro environment and improved market sentiment have become the main drivers pushing gold and silver prices higher.
- Gold price breaks $4940/ounce
- Silver price reaches $76/ounce
- Daily gains of 0.35% and 1.03%, respectively
Market participants generally believe that with rising risk-aversion among investors, precious metals may continue to gain favor, and short-term trends still have room for further growth.