Gold and silver rebound as US dollar weakens, oil falls
Business
Gold and silver prices bounced back on June 9, 2026, after hitting multi-month lows.
The rally happened as the US dollar weakened and oil prices dropped: Comex gold climbed $25 to $4,388 per ounce, while silver edged up to $69.18.
US jobs spur December rate bets
The US Dollar Index slipped to 99 and Brent crude fell to $93 a barrel after Iran paused military operations following President Trump's appeal, helping ease global tensions.
In India, gold futures rose ₹667 to ₹155,451 per 10gm, and silver gained ₹2,532 to ₹248,921 on MCX.
Meanwhile, strong US jobs data have traders betting on a possible Fed rate hike in December; everyone is now watching upcoming inflation numbers for more clues.