Gold and silver prices have rebounded after a three-week decline, marking a shift in market sentiment. On Monday, gold was trading near $4,140 per ounce, while silver surpassed $53, building on gains from the previous week. Gold saw a roughly 5% increase last week, signaling renewed investor interest.
Gold investment funds experienced another strong month, attracting $2.7 billion in October. This marks the fourth consecutive month of inflows, pushing gold holdings to a record high despite the month's price drop. The sustained demand highlights ongoing confidence in the metal as a safe-haven asset.
Silver's recovery, however, remains uncertain. While it has bounced back from below $49, analysts note that a sustained move above $55 would be needed to confirm a stronger upward trend. The metal's performance continues to lag behind gold's more decisive rebound.