devdiscourse10d ago
Gold and Silver Surge Amid Market Turmoil Gold and silver prices experienced a noteworthy rebound of more than 2% on Tuesday, stemming largely from previous market fluctuations triggered by the nomination of Kevin Warsh as the next Federal Reserve chair and an increase in margin requirements by CME Group.Spot gold saw a rise to $4,767.33 per ounce after hitting a near month-low on Monday. Meanwhile, U.S. gold futures for April delivery rose by 3%. Gold and silver have returned to their levels from early January, where gold saw a nearly 13% increase and silver rose by 19% in January.The U.S. Bureau of Labor Statistics has delayed releasing the January employment report due to a partial government shutdown. Investors are anticipating at least two Federal Reserve interest rate cuts in 2026, which is favorable for non-yielding commodities like gold and silver.