The precious metals witnessed a strong rise during today's trading, as gold and silver benefited from the weakness of the dollar and increased demand for safe assets amid uncertainty in global markets. Gold continued its gains to reach $ 3020 an ounce, supported by the expectations of the continued central banks in their cautious approach to interest rates.

Silver also recorded a strong rise to $ 34.06 an ounce, reinforcing the concerns of the slowdown in global growth and high geopolitical tensions demand for precious metals as a safe haven.

Analysts believe that the continued pressure on the US dollar, along with the anticipation of the upcoming monetary policy decisions, may push the prices of metal for more gains in the coming days. While investors remain in the case of monitoring any economic developments that may affect the direction of the markets.