Gold and Silver Prices Rise in International Market as Dollar Weakens

Gold and silver prices saw a notable increase in the international market on Monday. The rise comes as a weaker U.S. dollar and falling crude oil prices pushed investors toward safe-haven assets like precious metals.

Gold prices increased by 0.79 percent, or $36.32, reaching $4,561 per ounce. Analysts say that when the dollar weakens, gold becomes cheaper for investors using other currencies, which boosts demand. Lower oil prices have also supported gold prices, as they reduce inflationary pressure and increase optimism in the market.

Signs of possible progress in U.S.–Iran peace talks have also contributed to market optimism. This has raised hopes that the Strait of Hormuz, a key global oil supply route, could reopen fully, affecting oil markets positively.

However, uncertainty remains after U.S. President Donald Trump suggested that no immediate agreement with Iran is likely. Analysts note that while lower oil prices may help control inflation, the possibility of continued high interest rates could limit further gains in gold prices.

Meanwhile, silver prices also rose significantly. Silver increased by 2.34 percent, or $1.86, reaching $77.7 per ounce in the international market.