Gold and silver prices are showing strong growth amid global economic instability. Investors are actively transferring capital to defensive assets, reacting to the weakening dollar and political uncertainty in the United States. The trend is confirmed by data from the world’s leading exchanges.
On American trading floors, December futures for gold rose in price to 4009.8 dollars per ounce, adding 0.5%. Silver also strengthened its position, reaching $48.143 per ounce, up 0.4%. Over the week, gold showed an increase of 0.33%, while silver practically maintained its previous positions.
The key factor behind the growth was the instability of the American economy. The partial US government shutdown has limited access to important statistics, including employment data. Private surveys recorded job losses in October, reducing the likelihood of new Fed interest rate changes before the end of the year.
The international arena is also making adjustments to the precious metals market. China has postponed the introduction of export restrictions on rare earth elements until November 2026. Experts predict a possible acceleration in deliveries, but do not expect a complete lifting of restrictions for the United States.
The results of negotiations between the United States and China gave additional impetus to the market. The presidents agreed to a one-year trade deal that would cut tariffs on Chinese goods from 57% to 47%. The Chinese side pledged to increase purchases of agricultural products and continue supplies of rare earth metals.
The Indian market, traditionally sensitive to gold prices, remains cautious in demand. Local buyers closely monitor price fluctuations, preferring a wait-and-see approach in the face of high competition among dealers.
Analysts note that the current correction in prices for precious metals creates favorable conditions for further strengthening of the market. Investors view gold and silver as reliable instruments for preserving capital during periods of economic turbulence.
The material was prepared with the support of the Russian Ministry of Education and Science as part of the Decade of Science and Technology.
Source: @dprom
Image generated by a neural network
