Gold, Silver Rate Today Live Updates: Gold, silver prices well below record highs; what’s the outlook now?

Gold rose and hovered once again around 5,000 driven by renewed geopolitical tensions and a rebound after a sharp fall at the start of this week. Also a dip buying ahead of the Federal Reserve meeting minutes was seen, while mixed economic data kept the fed officials bias also divided. Prices are steady in the early trading session after a prior 2% rally, though thin liquidity during holiday-muted sessions limited follow-through momentum.

Safe-haven demand remained supported by escalating friction between US and Iran, particularly concerns around maritime security in the Strait of Hormuz, alongside stalled nuclear negotiations and persistent uncertainty from the Russia–Ukraine conflict. Silver’s pace of recovery was much faster than that of Gold, as roughly 69moz moved out of COMEX vaults this year, easing spot tightness and signaling stronger physical demand.

However, sentiment softened after Fed minutes revealed policymaker divisions, with some warning further tightening may be needed if inflation stays sticky while others signaled potential easing later in the year. The possibility of higher-for-longer rates lifted the dollar and Treasury yields, capping bullion gains. Markets now await the upcoming PCE inflation data and GDP data for clearer policy direction cues, says Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd.