Gold and Silver Prices Surge Amid Safe-Haven Appeal

The price of gold and silver surged on August 10 due to their safe-haven appeal. International spot gold traded at $4,387.20 per ounce, while silver reached $63.64 per ounce during morning trading on Comex.

The rally was supported by a weaker US dollar and growing optimism surrounding a potential US-Iran nuclear agreement, which kept market sentiment positive despite lingering geopolitical uncertainty.

Investors will closely monitor the US Non-Farm Payrolls (NFP) and Unemployment data due on Friday, as these releases will play a crucial role in shaping expectations for the Federal Reserve's interest rate outlook.