Precious metals have really been on fire these past couple of days. Spot gold has been soaring all the way up, breaking through the $4,560/oz mark yesterday to set a new all-time high. As of the latest quote, the gold price stands at $4,562/oz, with a single-day increase of 1.2%.
It's not just gold. Silver's performance is even more aggressive — soaring to $82/oz in one go, with an intraday gain of an astonishing 2.6%. The New York futures market is also strengthening in tandem, with an intraday increase of over 3%, currently quoted at $81.78/oz.
Against the backdrop of ongoing macroeconomic uncertainties, investors' enthusiasm for safe-haven assets has clearly increased. This sustained rally in precious metals also subtly reflects a shift in market risk appetite. For traders focused on macro factors, the movements in precious metals often reveal some interesting market signals.
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just_vibin_onchain
· 01-12 01:54
The surge in silver this time is incredible, a 2.6% increase is definitely not a small number.
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ZKProofster
· 01-12 01:52
honestly, the flight-to-safety narrative here is technically sound but like... are we really calling this a signal or just noise masquerading as signal? macro uncertainty priced in already, fiat debasement is the actual proof of stake here. silver moving harder than gold tho, that's actually worth watching if you understand the implementation details.
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NewPumpamentals
· 01-12 01:40
The surge in silver this time is incredible, jumping 2.6% all at once. What could this be hinting at?
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rugged_again
· 01-12 01:35
Gold has hit a new high again, and this time it's definitely not a false alarm... Silver is even more outrageous, jumping nearly 3 percentage points. When it feels like a collapse is imminent, precious metals start to stir.
With such strong risk aversion, does it mean everyone is holding back some bad news in their hearts?
Precious metals have really been on fire these past couple of days. Spot gold has been soaring all the way up, breaking through the $4,560/oz mark yesterday to set a new all-time high. As of the latest quote, the gold price stands at $4,562/oz, with a single-day increase of 1.2%.
It's not just gold. Silver's performance is even more aggressive — soaring to $82/oz in one go, with an intraday gain of an astonishing 2.6%. The New York futures market is also strengthening in tandem, with an intraday increase of over 3%, currently quoted at $81.78/oz.
Against the backdrop of ongoing macroeconomic uncertainties, investors' enthusiasm for safe-haven assets has clearly increased. This sustained rally in precious metals also subtly reflects a shift in market risk appetite. For traders focused on macro factors, the movements in precious metals often reveal some interesting market signals.