Gold Rises, Silver Slips Amid US-Iran Uncertainty
Gold prices rose on Monday, while silver slipped in late-afternoon U.S. trading as gold's fiscal-risk bid held firm even as silver saw profit-taking after last week's breakout.
The spot price of gold was near $4,648.40 an ounce, up 1% from the previous session, while spot silver was trading at $68.75, down 0.16%.
North American equity markets closed mixed, with AI-linked technology again weighing on performance. The S&P 500 fell 21.51 points, or 0.3%, to 7,652.86, while the Dow Jones Industrial Average rose 140.15 points, or 0.3%, to 53,417.16.
The latest positioning remains centered on the same cross-current that has supported gold all month: softer recent U.S. inflation and spending data reduced the urgency of a September Fed hike, but long-end yields and fiscal stress remain a constraint.