Gold prices climbed close to 1% on Monday, extending gains from last week after a sharp 4% surge on Friday, as investors positioned themselves ahead of a series of delayed U.S. economic releases.
The yellow metal traded firmly throughout the session, adding to a strong run that lifted prices to their highest levels in several weeks amid lingering uncertainty across broader financial markets.
Silver outperformed gold, rising nearly 5% on Monday after posting an almost 10% jump in the previous session, underscoring renewed investor appetite for precious metals.
Attention is now turning to key U.S. economic indicators due later this week, including postponed employment and inflation reports, which could offer fresh clues on the Federal Reserve’s future policy path.
The rally across precious metals reflects a reassessment of economic growth expectations and interest rate outlooks, with upcoming data releases likely to play a decisive role in shaping near-term market sentiment and trading activity.