Spot gold is showing strong momentum, breaking above the $5,050 per ounce mark and gaining 1.72% intraday. The move reflects renewed interest in precious metals as investors track global market conditions and currency dynamics. Silver is outperforming, rising 5.65% intraday, highlighting increased demand across the sector. Strength is not limited to Western markets—Shanghai futures are also trending higher, with gold futures up more than 1% and silver futures advancing over 4%. The synchronized gains across spot and futures markets suggest broad-based confidence in precious metals, reinforcing gold and silver’s role as key assets during periods of market uncertainty and shifting macroeconomic expectations.
