Gold rose 4% and silver rose 7.8% during today’s trading

Gold prices rose globally during today’s trading, by 4% to touch the level of $4,963.77 per ounce, with increased purchases at declining levels and a decline in the dollar.
An ounce of gold in the spot market recorded about $4,953, rising by approximately 3.6%, and gold recovered the losses it incurred during a volatile Asian session that followed a 3.9% decline yesterday.
Silver rose again by 7.8% to $76.6 per ounce, after previously falling below the level of $65, but the metal is still heading to record a significant weekly decline of more than 10% due to sharp fluctuations in the market.
The markets are currently witnessing more volatility in precious metals with continued concerns about geopolitical tensions and weak recovery momentum, which makes the performance of gold and silver linked to dollar movements, global economic data, and pressures on stock markets.