Gold & Silver Prices Stable Despite West Asia Tensions

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Gold, Silver Hold Steady Despite West Asia Tensions; Crude Prices Soar

Gold, Silver Hold Steady Despite West Asia Tensions; Crude Prices Soar

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CNBC TV18•12-03-2026, 07:24

Gold, Silver Hold Steady Despite West Asia Tensions; Crude Prices Soar

•Gold and silver prices remained largely steady on Thursday (March 12) despite geopolitical risks in West Asia.
•COMEX gold traded at $5,149/ounce (down 0.59%), while silver edged lower to $85.195/ounce (down 0.40%).
•Crude prices surged significantly after reports of tanker strikes in the Strait of Hormuz and Iraqi waters.
•Macroeconomic factors and investors' preference for liquidity are outweighing safe-haven demand for gold, says Kaveri More.
•Rising crude prices tend to dent gold buying, a pattern observed over recent sessions, notes Jateen Trivedi.

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