US Stocks Move: Gold and Silver Prices Rebound, Precious Metals Surge in Pre-market Trading

Glonghui, February 9th｜Gold and silver prices rebounded, with precious metals collectively surging in pre-market trading. Austin Gold rose 7%, Namib Minerals increased by 6%, Pan American Silver climbed 3.2%, and Harmony Gold was up 3%. In terms of news, today, spot gold and silver continued their upward momentum, with gold rising to slightly above the $5,000 level driven by a weaker US dollar. Recently, the precious metals market has experienced a rare "roller coaster" trend, with gold and silver plunging after a sharp rally, only to rebound again. Recently, several banks and asset management institutions have reiterated their long-term bullish outlook on gold. A Fidelity International fund manager who sold before the plunge said he is preparing to buy again; the head of the commodity portfolio management team at PIMCO also believes that the upward trend for gold remains intact.