Karachi, Pakistan – Precious metals witnessed a sharp turnaround in early Asian trading on Tuesday as gold prices surged nearly 3 per cent to around $4,820 per ounce, while silver jumped about 5 per cent to roughly $83.34 per ounce, marking a strong recovery after recent market turbulence.
The sudden rebound comes after a volatile period in global commodity markets, where gold and silver had faced steep declines driven by shifting investor expectations around US monetary policy, bond yield movements, and profit-taking by leveraged traders.
Market observers believe investors are now stepping back in with renewed confidence, viewing the recent dip as a buying opportunity rather than a sign of weakening demand.
What Is Fueling the Comeback?
Analysts say the rally reflects a combination of technical recovery and renewed interest in safe-haven assets, particularly as global economic uncertainty continues to linger.
Gold, long considered a hedge against inflation and currency instability, often benefits when investors grow cautious about broader financial markets. Tuesday’s jump suggests that sentiment may be stabilising after heavy selling pressure earlier in the week.
Silver’s stronger rise highlights its higher volatility compared to gold. The white metal also attracts attention due to its dual role as both an investment asset and an industrial commodity, meaning demand can rise quickly when market momentum shifts.
Wider Market Impact
The rebound in precious metals is being closely watched across Asia and beyond, including in Pakistan, where gold remains a key store of value for households and investors.
While gold and silver remain sensitive to upcoming decisions by major central banks, especially the US Federal Reserve, the latest surge underscores how quickly sentiment can change in uncertain conditions.
With markets still searching for direction, investors may continue turning toward precious metals for diversification and protection against global economic shocks.
This story has been reported by PakTribune. All rights reserved.