Gold and silver prices recover amid fall in crude oil prices - News On AIR

AI desk brief

COMEX December gold futures rose 4.5% last week to settle at $4,074.90 per troy ounce, while December silver gained 5.4% to $51.94. On MCX, December gold increased nearly 2.7% to ₹142,167 per 10 grams and December silver almost 3.2% to ₹184,787 per kilogram. The report attributes the rebound to sharply lower crude prices amid hopes of policy shifts following US midterm elections, and says AI-sector concerns drove equity-to-commodity flows. It provides no flow figures to substantiate that explanation; the reported gains alone do not establish continued upside.