Gold, silver sharply up on safe-haven bids, weaker USDX Gold and silver prices are sharply higher near midday Tuesday, on safe-haven demand amid marketplace uncertainties regarding the war in Iran and how long it will last. A lower U.S. dollar index today is also a positive for the precious metals markets. April gold was last up $115.80 at $5,217.20. May silver prices were up $5.087 at $89.59.
President Trump on Monday said the U.S. and Israel were making significant progress in their war on Iran and could end the conflict “very soon,” curtailing an oil-price surge. However, Trump later said the war could go on for a while. Also today, Secretary of War Hegseth said today would be the heaviest bombing of Iran yet to date. The bottom line is that the war in Iran is still very fluid. Even if the U.S. wants to end the war, Iran is still firing missiles at targets across the Middle East—albeit at a diminishing rate.
The key outside markets today see the U.S. dollar index lower, with Nymex crude oil prices sharply down and trading around $84.00 a barrel after spiking to near $120.00 early Monday. The yield on the benchmark 10-year U.S. Treasury note is presently around 4.1 percent...........
https://www.kitco.com/news/article/2026-03-10/gold-silver-sharply-safe-haven-bids-weaker-usdx
