Gold & Silver Market News — Apr 14, 2026, 20:10–00:10 UTC
Precious Metals Rally on Dollar Weakness
Silver surged dramatically on Tuesday, jumping over 4% to trade near $78.80 and hitting daily highs around $79.32 as strong buying interest emerged. Gold also posted significant gains, rising nearly 2% to trade at $4,835 after recovering from daily lows of $4,742. Both precious metals benefited from broad US Dollar weakness driven by softer inflation data and improving global risk sentiment.
US Dollar Under Pressure from Economic Data and Policy Outlook
The US Dollar Index fell toward 98.10, reaching multi-week lows as softer US inflation data weighed on the Greenback. Treasury Secretary Scott Bessent expressed confidence that core prices would continue to decline and stated he is pressing the Federal Reserve to cut rates, though he also suggested the Fed should "wait and see" before making moves. The combination of softer economic data and dovish policy signals contributed to widespread Dollar selling across major currency pairs.
Geopolitical Tensions and Diplomatic Developments
Ongoing tensions in the Middle East continue to create market volatility, with Trump reportedly beginning a US naval blockade of the Strait of Hormuz while US-Iran talks simultaneously progress. The mixed signals have created complex market dynamics, with oil prices declining on diplomacy hopes despite the strategic waterway remaining under blockade. Risk assets have generally rebounded as markets focus on the potential for diplomatic resolution, though geopolitical risks continue to influence currency movements, particularly for oil-importing nations.
Asian Central Bank Policy Shifts
The Monetary Authority of Singapore emerged as the first Asia-ex-Japan central bank to tighten policy, slightly increasing the pace of Singapore Dollar appreciation in response to imported energy shocks. MAS raised its inflation forecasts for 2026 to 1.5-2.5% as higher oil and gas prices are expected to flow through to Singapore's consumer prices via electricity, transport and goods costs. Meanwhile, the Chinese yuan has strengthened significantly, with USD/CNY approaching 6.80 for the first time in three years as analysts note the yuan's growing safe-haven role.
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