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Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data. Source: Image by kevinp133 from Pixabay

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering uncertainty over U.S. monetary policy, mixed safe-haven demand, and renewed investor focus on upcoming U.S. economic indicators.

Spot gold rose 0.7% to $4,996.47 per ounce, briefly touching an intraday high of $5,046.79. April gold futures also advanced, gaining 0.8% to trade at $5,016.21 per ounce. Meanwhile, spot silver surged 3.3% to $80.5330 per ounce, continuing its recovery from last week’s lows near $60. In contrast, spot platinum underperformed, slipping 2.3% to $2,068.45 per ounce.

Investor attention this week is firmly fixed on major U.S. economic data releases, particularly nonfarm payrolls and consumer price index inflation figures. These reports are expected to provide fresh insight into the health of the U.S. economy and offer clues on the future direction of interest rates, a key driver for gold and silver prices.

Safe-haven demand for precious metals remained somewhat subdued after the United States and Iran signaled progress in weekend diplomatic talks. Both nations agreed to continue discussions surrounding Iran’s nuclear program, easing immediate geopolitical tensions and slightly reducing demand for defensive assets like gold.

Last week, precious metal markets experienced wild price swings as traders reacted to uncertainty surrounding U.S. monetary policy. Concerns intensified following President Donald Trump’s nomination of Kevin Warsh as the next Chairman of the Federal Reserve. The announcement triggered a rebound in the U.S. dollar, which pressured gold and silver prices and prompted profit-taking after their recent rallies.

Despite recent pullbacks from record highs seen in early February, gold and silver remain up approximately 15% and 5%, respectively, so far in 2026. With volatility likely to persist and key data ahead, investors continue to closely monitor economic signals that could shape the next move in precious metal markets.

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