Market Focus: During the US economic data window, the precious metals sector collectively strengthened, with gold and silver prices rising in tandem. The global precious metals market experienced a broad rally, with international gold prices fluctuating higher, silver surging for the third consecutive day, and platinum and palladium performing notably.

Spot gold rose 0.7% on the day, closing at $4,484.98 per ounce, supported by cautious sentiment and geopolitical uncertainties. Silver surged 5.4% in a single day, closing at $80.60 per ounce, extending its three-day winning streak, with industrial and precious metal attributes boosting silver prices. Platinum and palladium each increased by over 6% on the day, driven by recovering automotive demand and supply chain improvements, highlighting their scarcity advantages and attracting capital inflows.

While precious metal prices rose, the US dollar exchange rate did not weaken significantly. The Bloomberg Dollar Spot Index increased by 0.2% on the day. The upward momentum in the precious metals market was primarily driven by improving fundamentals, with market demand for precious metals continuing to rise.