Overview
- Spot bullion advanced in early Asian trading, with gold hovering near $4,370–$4,401 per ounce and silver around $73–$75 after the U.S. captured Venezuelan President Nicolás Maduro.
- The gains followed a sharp weekly pullback, as Comex gold fell 4.9% to $4,329.6 and silver dropped 8%, while on MCX gold slid Rs 4,112 and silver fell Rs 17,858 from late-December records.
- Analysts expect pronounced swings this week as traders assess ISM and ADP readings alongside Friday’s U.S. employment report and comments from Federal Reserve officials.
- Asian stocks climbed while oil prices fluctuated and the U.S. dollar strengthened, reflecting safe-haven positioning and uncertainty around Venezuela’s damaged oil industry.
- Market drivers include safe-haven flows supported by central-bank buying and ETF interest, with volatility amplified by thin year-end liquidity, profit-taking and recent CME margin increases.