Good price gains for gold, silver amid better risk appetite

Gold and silver prices have risen notably in early U.S. trading on Monday, driven by improved risk sentiment among traders and investors. Gold increased by $20.50 to $2,329.10, while silver climbed $0.70 to $27.39. This positive trend aligns with higher expected openings in U.S. stock indexes and mixed performances in Asian and European markets.

The demand for gold is also bolstered by reports highlighting sustained central bank purchases over recent months, suggesting robust institutional confidence in gold. Additionally, economic indicators such as the Euro zone producer price index and U.S. economic data releases are influencing market dynamics, alongside slight changes in the U.S. dollar index and crude oil prices.