Gold and silver prices witnessed a significant surge on Friday, driven by shifting global market sentiments. The rally comes as investors scaled back expectations of future US Federal Reserve interest rate hikes following softer-than-expected U.S. nonfarm payrolls data. This cooling economic indicator has put global gold on track for its first weekly gain in five weeks.
MCX gold and silver prices opened sharply lower on June 19 as traders reacted to the US Federal Reserve's hawkish stance, easing geopolitical tensions in the Middle East, and growing expectations of higher interest rates.
