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    Gold markets hit historic heights amid economic policy uncertainty

    The most recent trading sessions have showcased gold’s resilience and volatility. Following a sharp decline of $45 per troy ounce in spot gold and a $63 drop in April futures on Friday, February 14, the market demonstrated strong recovery momentum. After the Presidents’ Day holiday closure, Tuesday’s trading saw spot gold gain $36.97, and the April futures contract gaining $60.70, nearly reaching the record levels established on February 12.

    Source – KITCO News / Opinion

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    Gold prices rise in India

    The price for Gold stood at 8,241.26 Indian Rupees (INR) per gram, up compared with the INR 8,211.09 it cost on Wednesday.

    The price for Gold increased to INR 96,124.48 per tola from INR 95,772.53 per tola a day earlier.

    Source – FX STREET

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    Silver Continues to See Buyers on Dips

    Silver has initially fallen significantly in the early hours of Tuesday, as the market reacted to the ceasefire, taking out some of the “risk trade.” However, we are holding the range again. Ultimately, there are a lot of “moving pieces” to pay attention to. 

    Source – FX EMPIRE

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    Gold hits one-month high

    Gold prices surged to a one-month peak on Thursday, nearing $2,700 per ounce, as softer U.S. inflation data fueled hopes of lower interest rates in 2025. Spot gold rose to $2,697.45 an ounce, while February gold futures climbed 0.4% to $2,728. Lower rates enhance gold’s appeal by reducing the opportunity cost of holding non-yielding assets.

    Other precious metals saw mixed movement: platinum futures dipped 0.1% to $948.15 an ounce, while silver edged up 0.3% to $31.622.

    Copper prices steadied after recent gains, with London futures rising 0.3% to $9,192.50 per ton.

    Source – Econo Times

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    TD Securities’ Daniel Ghali says gold and silver won’t return to the UK

    The massive outflows of gold and silver bullion from the UK into the U.S. will not likely return even after the tariff and trade situation is resolved, and while gold prices are poised to continue setting fresh all-time highs, the setup for silver is even stronger, according to TD Securities’ senior commodity strategist Daniel Ghali.

    “This isn’t the silver squeeze narrative that you’ve heard about, this is the silver squeeze that you can buy into,” Ghali added.

    Source – KITCO News