Rising desire for safe havens due to Middle East concerns has boosted silver’s increase

The value of silver increased marginally, by 0.19% to hit 71717, mostly as a result of the ongoing demand for safe haven assets amid growing Middle East tensions. Positive economic data, such as stronger-than-expected U.S. consumer spending in September, a healthy third-quarter GDP, and stronger durable goods orders for September, all contributed to this upswing….

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Gold continues to rise, poised for a banner week despite lower inflation

Following additional indications that U.S. inflation was slowing, gold prices increased for a fourth straight session on Friday. Demand for the yellow metal as a safe haven was also supported by ongoing concerns about a 2023 recession. A day after data revealed that consumer price inflation also decreased, information released on Thursday revealed that the…

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