Key Facts
A gold-tracking fund closed at US$4,085 an ounce, up 1.49%, marking another leg higher in a year where the metal has repeatedly drawn safe-haven flows during bouts of global rate uncertainty.
A silver-tracking fund settled at US$58.20 an ounce, a 1.69% daily gain, extending a sharp rally that has recently left silver trading near multi-year highs as investors seek leveraged exposure to moves in precious metals.
The move was commonly linked to a softer US dollar and lower real yields, which reduce the opportunity cost of holding a non‑interest‑bearing metal.
Mexico is widely recognized as the world’s top silver producer, and its miners sell into a global market where the silver spot price per ounce serves as the reference for immediate delivery contracts used to price and hedge export flows.
