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Gold spot and silver are on the rise strongly, marking the start of an upward trend in the precious metals market
According to the latest market data, the spot precious metals market performed remarkably today. Spot gold broke through the $4350/oz level, with a daily increase of 0.74%, continuing its strong momentum. Simultaneously, spot silver also surged, breaking through $73/oz, with an intraday gain of 2.14%.
The increase in silver is relatively more prominent, reflecting the market's overall optimistic attitude towards precious metals. The synchronized upward movement of gold and silver usually indicates a re-pricing of economic prospects or geopolitical risks. In this rally, silver's gains led gold's, also indicating subtle changes in market risk appetite.
Investors continue to monitor the trend of the precious metals market. As a traditional safe-haven asset, gold spot continues to attract capital inflows amid global uncertainties.