[MARKET UPDATE] Precious metals remain bid in early Asia-Pac trade with spot gold up 2.7% to extend on record highs and briefly approached just shy of the USD 5,600/oz level, while spot silver briefly breached USD 119/oz

Precious metals remain bid in early Asia-Pac trade with spot gold up 2.7% to extend on record highs and briefly approached just shy of the USD 5,600/oz level, while spot silver briefly breached USD 119/oz.

Gold and silver prices are experiencing significant upward momentum in early Asian trading, with gold nearing the USD 5,600/oz mark and silver breaching USD 119/oz. This bullish trend suggests strong demand for precious metals, likely driven by factors such as inflation hedging and geopolitical uncertainties, which could further influence market sentiment and lead to continued investment in these assets.