Following the latest non-farm payroll report, U.S. stock indices extended their winning streak, and precious metals capitalized on the bullish momentum. Spot gold surged to $3,580 per ounce, marking a solid 1.05% daily gain as investors rotated into safe-haven assets alongside equities.
The momentum extended to silver, which climbed past the $41/oz threshold with a 0.86% daily advance. The dual rally in both gold and silver reflects strengthening demand across the precious metals complex.
The interplay between stock market gains and precious metals appreciation highlights the market’s current risk-on sentiment, with investors balancing between equities and traditional hedging instruments. As gold roses higher on improving economic signals from the jobs data, the precious metals sector continues to attract attention from both tactical traders and long-term portfolio managers seeking diversification.
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Precious Metals Surge as Gold Roses Above $3,580 Amid Stock Market Rally
Following the latest non-farm payroll report, U.S. stock indices extended their winning streak, and precious metals capitalized on the bullish momentum. Spot gold surged to $3,580 per ounce, marking a solid 1.05% daily gain as investors rotated into safe-haven assets alongside equities.
The momentum extended to silver, which climbed past the $41/oz threshold with a 0.86% daily advance. The dual rally in both gold and silver reflects strengthening demand across the precious metals complex.
The interplay between stock market gains and precious metals appreciation highlights the market’s current risk-on sentiment, with investors balancing between equities and traditional hedging instruments. As gold roses higher on improving economic signals from the jobs data, the precious metals sector continues to attract attention from both tactical traders and long-term portfolio managers seeking diversification.