Gold and Silver Prices Surge Amid Market Adjustments Following U.S. Monetary Changes

Gold and silver prices experienced a notable rise during Tuesday's trading session, following a recent wave of sell-offs that had driven prices to their lowest points in weeks. The precious metals rebounded, supported by shifts in investor sentiment.

Gold Gains Over 4%

April gold futures climbed by 4.16% to $1,846.29 per ounce at 08:25 Moscow time. Spot gold also increased by 3.44%, reaching $1,821.56 per ounce, after hitting a nearly month-long low in the previous trading session.

Silver Rises Over 8%

Silver showed an even stronger performance, with March futures rising by 8.21% to $23.33 per ounce, marking one of the largest daily increases in recent times.

U.S. Monetary Developments Behind Market Fluctuations

The price movements followed a significant sell-off triggered by news of Kevin Warsh's appointment as the new chair of the U.S. Federal Reserve, raising investor concerns about the future of U.S. monetary policy and its impact on safe-haven asset prices.

Experts: Prices Returning to Normal Levels

Kyle Rodda, a leading market analyst at Capital.com, stated that current prices appear closer to their fair value after a period of irrational fluctuations observed in recent weeks. He noted that the recent uptick has brought gold and silver back to levels seen in early January 2023.

Record Gains Since the Start of the Year

Gold recorded an approximately 13% increase in January, marking its largest monthly gain since November 2009, while silver prices surged by 19%, reflecting ongoing interest in precious metals as safe-haven assets amid global economic fluctuations.