Precious Metals Unwind as FOMC Hawkish Stance & Middle East Easing Reduce Safe-Haven Demand
Gold and silver rally sharply as weaker US non-farm payrolls data trigger FOMC rate-cut reassessment, reversing the safe-haven unwind and reducing the opportunity cost of holding non-yielding precious metals.
Outcome: The precious metals unwind reversed as weakening US employment data reassessed FOMC rate-cut expectations, lifting gold from ₹141506/10g to ₹1,41,900 before the narrative faded after eight days without new editions.
Silver's industrial half retreats faster than gold's safe-haven floor, while crude and copper confirm a broad pullback in growth expectations.
Weak US jobs data and geopolitical stress lift COMEX gold to $4198 — the safe-haven narrative is building, not peaking.
COMEX gold slides to $4134 as a Trump-Xi meeting prospect and oil's geopolitical surge pull traders in opposite directions.