Precious Metals Preview: COMEX gold and silver prices advance in early Asia

COMEX gold and silver futures shot up in early Asian trades tracking weakness in dollar overseas and ongoing geopolitical uncertainty. Geopolitical risks continue ahead of the third round of US-Iran nuclear talks, scheduled on Thursday, amid a buildup of American forces in the Middle East. Meanwhile, the US, on Tuesday, moved ahead with a 10% tariff on all non-exempt goods, as initially announced by Trump on Friday after the Supreme Court verdict against his sweeping tariffs. Trump, however, pledged to raise duties to 15%, fueling worries about retaliatory measures and the potential economic fallout from disruptions to global supply chains. The counter is currently quoting at $5204.60 an ounce, up almost half a percent on the day. Silver futures are also up over 2% at above 89 mark.

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