Precious metals extended an advance for a second straight session on Aug. 6, with capital rotating around safe-haven demand, according to WEEX TradFi market data. Gold, silver and platinum all moved higher over the latest 24-hour window: GOLD (PAXG) gained more than 4.88%, SILVER (XAG) rose more than 4.71%, and PLATINUM (XPT) climbed more than 2.30%. The synchronized move put all three metals on an uptrend at the same time.
WEEX Labs said the rally is mainly driven by repair trading after a recent pullback. Market participants are weighing geopolitical risks as well as moves in the U.S. dollar and Treasury yields, which has brought renewed focus to gold's safe-haven and portfolio diversification attributes.
WEEX TradFi's trading carnival is now live, with zero-slippage execution, first-order compensation, and a 200 USDT reward for new users. The data was flagged by ChainCatcher on Aug. 6, citing WEEX TradFi's market snapshot.
ChainCatcher reported on Aug. 6 that precious metals had extended their rally for a second straight session, citing WEEX TradFi market data. The latest figures point to capital being repositioned around safe-haven demand, with the three precious metal assets printing gains over the 24-hour window.
GOLD (PAXG) was up more than 4.88% in 24 hours, SILVER (XAG) was up more than 4.71%, and PLATINUM (XPT) gained more than 2.30%. Taken together, the three readings put gold, silver and platinum on a synchronized uptrend.
WEEX Labs said the advance is mainly driven by repair trading after a pullback. Markets are weighing geopolitical risk, dollar moves and Treasury yield changes, which has refocused attention on gold's traditional safe-haven and diversification attributes.
WEEX TradFi's trading carnival is also under way, with zero-slippage execution, first-order compensation, and a 200 USDT bonus for new users.
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