Gold prices moved higher on Monday, rising almost 1% and building on last week’s strong advance, which included a sharp 4% jump on Friday, as investors awaited a slate of delayed U.S. economic data.
The precious metal held firm throughout the session, extending a rally that has lifted prices to multi-week highs amid ongoing uncertainty across global financial markets.
Silver outpaced gold, climbing nearly 5% on the day after surging close to 10% in the previous session, highlighting renewed demand for precious metals as a broader asset class.
Market focus has now shifted to upcoming U.S. economic indicators, including postponed employment and inflation reports, which could offer fresh insight into the Federal Reserve’s policy outlook.
The continued strength in precious metals reflects investors reassessing growth risks and the likely path of interest rates, with the forthcoming data expected to play a key role in shaping near-term market direction.
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