Silver, Gold Stocks and ETFs Rise as Precious Metal Advances on US–Iran Tensions as Markets Weigh Fed Policy Path

Tiger Newspress
Feb 19

Gold, silver stocks and ETFs rose in morning trading. First Majestic Silver rose 9%; Fortuna Silver Mines and Coeur Mining rose 7%; Hycroft Mining and Pan American Silver rose 4%; US Gold Corp. rose 3%; ProShares Ultra Silver and Endeavour Silver rose 2%; iShares Silver Trust rose 1%.

Gold and silver prices extended gains on Thursday after rising more than 2% in the previous session, as lingering tensions between the United States and Iran prompted a flight to safety, while investors evaluated the Federal Reserve's monetary policy path.

Spot gold rose 0.7% to $5,012.83 per ounce by 0634 GMT. U.S. gold futures for April delivery were up 0.4% at $5,031.20.

Spot silver rose 2.7% to $79.24 per ounce after climbing more than 5% on Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10