Overview

• Gold prices climbed to $3,394 per ounce, their highest since April 22, while silver reached a two-week high of $33.16 per ounce.
• Persistent dollar weakness and escalating US-China trade tensions have bolstered demand for precious metals as safe-haven assets.
• Central banks, including India's Reserve Bank, continue to accumulate gold reserves, further supporting prices.
• The gold-to-silver ratio surpasses 100:1, highlighting silver's relative undervaluation compared to gold.
• Investors are closely watching the Federal Reserve's policy meeting, with expectations of unchanged rates potentially boosting gold further.