Gold flirts with $3700; silver smashes 14-year high

Gold approached $3700 per ounce, heading for a fourth straight weekly gain, supported by expectations of looser US monetary policy and safe-haven demand amid rising geopolitical tensions. Silver surged 2% to a fresh 14-year high near $43 per ounce, driven by strong bets on an imminent Fed rate cut following weak jobless claims and a surprise drop in producer prices. Meanwhile, gold futures on MCX for October delivery traded up 0.17% at ₹109161 per 10 grams. Growing global uncertainty, including conflicts in the Middle East and drone violations in Ukraine, further fueled buying momentum in precious metals.

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