Mumbai, May 25 -- Gold nears $4,600 while silver outperforms on renewed safe-haven interest
Gold climbed toward the $4,600 per ounce mark, while silver futures surged nearly 4% to around $79 per ounce on Monday, recovering last week's losses as easing geopolitical tensions and a softer US dollar lifted sentiment across precious metals markets. Optimism surrounding a potential US-Iran agreement reduced concerns over prolonged inflationary pressures and aggressive monetary tightening, prompting the dollar index to retreat below the 99 level from recent six-week highs. Silver notably outperformed gold, supported by its dual appeal as both a monetary and industrial asset, while lower crude oil prices and improving global risk sentiment further...