Gold and Silver Futures Rise on NY Merc Amid Market Volatility - GC, SI

Gold and silver futures advanced on the New York Mercantile Exchange on Thursday, with benchmark gold rising to $2,315 per ounce and silver gaining to $28.45 per troy ounce, driven by heightened geopolitical tensions and a weaker U.S. dollar. The moves reflect increased demand for safe-haven assets amid uncertainty in global markets. The COMEX gold Dec 2026 contract settled at $2,315.20, up $27.10, or 1.18%, while the silver Dec 2026 contract closed at $28.45, up $0.37, or 1.32%. Trading volume remained elevated as investors shifted allocations toward precious metals. Analysts cited ongoing Middle East unrest and dovish Federal Reserve signals as key catalysts. The U.S. Dollar Index fell to 98.25, supporting metal prices. With inflation data due next week, market participants are closely monitoring central bank policy cues. Gold’s rally extended its gains from the prior session, where it touched a record high of $2,320. Silver showed stronger momentum, outperforming gold on speculative positioning shifts.