Silver, Gold Stocks and ETFs Rise as Precious Metal Advances on US–Iran Tensions as Markets Weigh Fed Policy Path

Tiger Newspress02-19

Gold, silver stocks and ETFs rose in morning trading. First Majestic Silver rose 9%; Fortuna Silver Mines and Coeur Mining rose 7%; Hycroft Mining and Pan American Silver rose 4%; US Gold Corp. rose 3%; ProShares Ultra Silver and Endeavour Silver rose 2%; iShares Silver Trust rose 1%.

Gold and silver prices extended gains on Thursday after rising more than 2% in the previous session, as lingering tensions between the United States and Iran prompted a flight to safety, while investors evaluated the Federal Reserve's monetary policy path.

Spot gold rose 0.7% to $5,012.83 per ounce by 0634 GMT. U.S. gold futures for April delivery were up 0.4% at $5,031.20.

Spot silver rose 2.7% to $79.24 per ounce after climbing more than 5% on Wednesday.

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