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Commodity News

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(05 Jan 2026, 09:14)

Precious Metals Preview: Safe haven demand boosts gold and silver prices

COMEX gold and silver prices shot up on Monday morning in Asia after reports of United States attack on Venezuela. The US reportedly carried out a large-scale military strike against Venezuela over the weekend. US President Donald Trump announced that Venezuelan President Nicolas Maduro and his wife have been captured and flown out of the country. Meanwhile, investors are now closely watching key US indicators this week, including ISM Manufacturing data, ADP employment figures, JOLTS job openings, and non-farm payrolls report, which could offer more clues on the path of US interest rates. Currently, the counter is quoting at $4413.20 an ounce, up nearly 2% whereas COMEX silver surged 6%.
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