Gold prices remained supported as investors sought safety amid rising geopolitical tensions and uncertainty in global financial markets. Concerns surrounding international conflicts and economic growth have increased demand for defensive assets.
Central bank buying and continued investor interest in precious metals have also contributed to gold’s resilience. Market participants believe that if geopolitical risks remain elevated, safe-haven demand for gold could continue.
Silver prices have also remained relatively firm due to improving industrial demand, particularly from renewable energy and electronics sectors.
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