COMEX Gold Recovers 2%, Silver Jumps 4% Amid Geopolitical and Inflation Concerns

On June 12, 2026, COMEX gold and silver prices experienced an increase, as investors evaluated persistent inflation pressures, the prospect of higher US interest rates, and ongoing geopolitical uncertainties, as per news reports.  

Gold gained 2% to $4,204.40 per ounce, while silver surged 4% to $66.77 per ounce. 

Factors Influencing Precious Metals 

Inflationary pressures and potential Federal Reserve rate hikes have influenced the pricing of gold and silver. Data showed producer prices rising more than expected in May 2026.  

Higher energy costs, driven by West Asian tensions, contributed to an increase in producer inflation, pressuring expectations of monetary policy easing.  

However, gold found support due to geopolitical risks involving the US and Iran. President Donald Trump hinted at possible peace talks, although discussions were ongoing and no decision had been made. 

Silver Outperformance and Demand 

Silver outperformed other precious metals, benefiting from both safe-haven demand and its industrial applications outlook.  

Despite market volatility, silver remained supported and recorded a strong 4% rise. 

Read More: Gold Imports Start Falling After Import Duty Increase; Government Says No More Steps Planned! 

Focus on US Economic Indicators 

Investor attention is on the US economic outlook as recent data revealed a significant annual rise in producer inflation.  

Despite potential diplomatic developments between the US and Iran, uncertainty persists. Concerns about disruptions to the energy supply through the Strait of Hormuz linger, prompting investors to retain safe-haven assets. 

Conclusion 

On June 12, 2026, COMEX gold increased to $4,204.40 per ounce, a 2% rise, while silver rose 4% to $66.77 per ounce. Inflationary pressures, potential Federal Reserve rate hikes, and geopolitical factors contributed to these movements. 

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