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Commodity News Details
Precious Metals Preview: COMEX gold and silver register mild gains amid escalating tensions in West Asia
30-Mar-2026 09:09

COMEX gold is receiving some support on Monday morning in Asia amid escalation in West Asia war as Houthis launched their first attacks on Israel since the start of the conflict during the weekend. The looming risks to global trade through the Red Sea combined with the existing blockage to the Strait of Hormuz, intensify concerns over energy supply disruptions, driving the oil price rally. However, upside in dollar index on surging oil prices are capping gains in the yellow metal which is currently quoting at $4534.60 an ounce. Silver is also up in early Asia, trading around $70 per ounce.

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