Looking ahead, US CPI, retail sales, weekly jobless claims, and speeches from several FOMC officials will be key in shaping expectations for the monetary policy outlook.
The sharp decline in the gold-silver ratio signals silver’s clear outperformance, driven by strong industrial demand, supply deficits, and its growing appeal alongside gold as a safe-haven asset.
Precious metals are at the center of a powerful upward re-rating on a confluence of tailwinds that has supercharged demand.
Spot gold jumped 1.3% to $4,566.80 per ounce by 0410 GMT. Bullion hit a record high of $4,600.33 earlier in the day
Hindustan Zinc share price: These ETFs have delivered returns of up to 176% over the past one year as silver prices skyrocketed in 2025.
As per crypto analyst, the crypto market opened the week on a positive note, with Bitcoin and Ethereum leading modest gains.
The spot price of silver has climned 4.79 percent from its previous close on Comex.
Despite the pullback, prices remained 1.77 percent higher than the previous close.
Bullion rose to just shy of $4,600 an ounce on Monday after Fed Chair Jerome Powell said the central bank had been served grand jury subpoenas from the Justice Department related to his June congressional testimony on renovations of the Fed’s headquarters.
Brent crude futures climbed 31 cents, or 0.49%, to $63.65 a barrel by 0006 GMT while U.S. West Texas Intermediate crude was at $59.42 a barrel, up 30 cents, or 0.51%.
Gold surged 65% in 2025 — its strongest performance in nearly half a century — as retail and institutional investors piled in alongside central banks.
The recent increase in copper prices has been fueled by persistent supply tightness, strong investor demand, electric vehicle adoption, and the expansion of data-centre infrastructure.
Although gold has outperformed equities across major markets since 2000, five-year rolling data shows its performance is not consistent, according to DSP Netra report.
Precious metals saw profit booking as traders locked in profits ahead of the US NFP report, while investors weighed mixed US economic data and geopolitical risks remained a significant focus, says analyst.
The rupee volatility weighed on domestic sentiment, even as broader global cues remained mixed, says analyst
Exxon and ConocoPhillips previously operated there but left after their assets were nationalized by Maduro’s predecessor, Hugo Chávez, in the mid-2000s.
The week ahead is data-heavy for the US, with ADP non-farm employment, non-farm payrolls, and initial jobless claims lined up, which could add volatility and direction to gold prices, says analyst.
Precious metals prices are underpinned by increased safe-haven demand amid heightened geopolitical concern following weekend events in Venezuela, as well as rising expectations on Federal Reserve rate reduction after the release of poor U.S. manufacturing PMI data, says analyst.
Since the US military action against Venezuela on January 3, gold has gained nearly 4 percent, while silver has surged close to 14 percent, marking a record performance on January 6.
Trump has been pressuring Venezuela’s interim leader, Delcy Rodriguez, to increase economic ties with the US after last weekend’s operation to capture strongman Nicolas Maduro.
Trump has said he wants interim Venezuelan President Delcy Rodriguez, installed this week after the U.S. deposed President Nicolas Maduro, to give the U.S. and private companies "total access" to her country's oil industry.
Last year, more than $6.2 billion was raised by companies listed on exchanges in the US and Canada, according to data compiled by Bloomberg. That’s the highest volume in at least the last 12 years, the data show.
Silver futures on MCX fell Rs 8,000 per kilogram within a few hours after hitting fresh lifetime highs earlier during the day.
Another advance toward fresh record highs is likely if international tensions rise, says analyst.
Risk sentiment continues to favour higher allocation toward gold amid renewed geopolitical tensions, says analayst.
