Risk-Off Sentiment Drags on Gold and Silver Prices

Risk-Off Sentiment Drags on Gold and Silver Prices

With the easing of tensions in the Middle East and US-China relations, safe-haven demand has weakened, causing a significant drop in spot gold and silver prices during Thursday's Asian trading session. By the time of publication, spot silver had fallen 15% on the day, while gold prices dipped below $4,810 per ounce.

Impact of US Economic Data on Market Sentiment

Later this week, market participants will watch the US JOLTS job openings data and the initial jobless claims for the week ending January 31. These economic indicators could further influence investor confidence.

Dollar Strength and Bond Market Trends

The broad-based strength of the US dollar and stable Treasury yields have also weighed on gold prices. Daily market movements reflect investor sensitivity to broader macroeconomic trends.