Gold and silver may last a while longer in peace!
Metals markets consolidate for most of May after record surge In the market report, ABC Bullion said, precious metal markets were in consolidation mode for most of May, with gold ending the month largely unchanged, after trading in a range between USD $3,400 and USD $3,100 per troy ounce (oz). Silver was likewise steady over May as a whole, last trading just above USD $33oz, while in local currency terms it looks like ending the month just above AUD $52oz. The sideways trade seen across the month represents a much-needed period of calm for both gold and silver, with both metals seeing one of their strongest starts to the year on record between January and late April for gold, with silver peaking earlier. The surge in metal prices in early 2025 was driven by multiple factors, including renewed volatility in risk assets both leading into and in the aftermath of the Trump administration's liberation day, tariff announcements, and the return to monetary eas...