Home / Business and Economy / Silver Shines as Gold Dips: Market Navigates Global Uncertainty
Silver Shines as Gold Dips: Market Navigates Global Uncertainty
10 Dec
Summary
- Gold futures on MCX dipped, while silver futures saw a notable increase.
- US economic data, particularly the ADP report, influenced precious metal prices.
- A weaker US dollar index provided support to bullion prices globally.
Precious metals showed contrasting movements on Tuesday, with silver prices in India remaining steady while gold saw a marginal dip. Investors reacted cautiously to mixed global economic cues and recent US economic data, creating a dynamic market environment. Gold futures on the Multi Commodity Exchange experienced intraday volatility, struggling to sustain gains amid broader global uncertainty.
Silver, conversely, demonstrated greater resilience, with March 2026 futures showing an increase. This divergence is attributed to traders digesting new US economic data, including a significant downside surprise in the ADP non-farm employment report. This weaker-than-expected data fueled speculation that the US Federal Reserve might adopt a more accommodative monetary policy.
The anticipated shift in Federal Reserve policy, coupled with a weakening US dollar index falling below the 99 mark, provided additional support to precious metals. Analysts noted that while bullion prices are currently supported by a weaker dollar and increased risk aversion, volatility is expected to persist as economic indicators and global developments are closely monitored.
