Silver, Gold Stocks and ETFs Rise as Precious Metal Advances on US–Iran Tensions as Markets Weigh Fed Policy Path

Gold, silver stocks and ETFs rose in premarket trading. Hycroft Mining rose 5%; Pan American Silver and ProShares Ultra Silver rose 4%; Hecla Mining, First Majestic Silver, iShares Silver Trust, and Endeavour Silver rose 2%; Kinross and Agnico Eagle Mines rose 1%.

Gold and silver prices extended gains on Thursday after rising more than 2% in the previous session, as lingering tensions between the United States and Iran prompted a flight to safety, while investors evaluated the Federal Reserve's monetary policy path.

Spot gold rose 0.7% to $5,012.83 per ounce by 0634 GMT. U.S. gold futures for April delivery were up 0.4% at $5,031.20.

Spot silver rose 2.7% to $79.24 per ounce after climbing more than 5% on Wednesday.