Key Facts
Gold futures gained 1.02% to US$4,167.91 an ounce driven by a softer dollar and declining real yields that lowered the opportunity cost of holding the non-yielding asset.
Silver futures outpaced gold with a 1.92% surge to US$62.238 an ounce as the metal benefited from its dual role as a monetary safe haven and an industrial input.
The Comex gold proxy hit an intraday high of US$4,214.91 before paring gains, while silver touched a session peak of US$63.720 an ounce.
Mexico remains the world’s largest primary silver producer making the peso and local miners especially sensitive to the day’s rally in the white metal.
