Gold and silver prices remain firm in Canadian dollars as July trading continues, reflecting sustained investor interest amid global economic uncertainty.
On the morning of July 10, gold opened around $4,534 to $4,538 per ounce based on Canadian bullion rates. Silver began trading at approximately $50.64 per ounce, continuing to hover near recent multi-year highs.
By comparison, on July 2, gold closed at $4,551.24, and silver finished at $49.68. Over the past week, gold has fluctuated within a fairly narrow $4,465 to $4,555 range, demonstrating resilience amid shifting U.S. interest rate expectations and a softer U.S. dollar. A notable spike on July 1 pushed gold up over 1.3 per cent before easing slightly the next day.
Silver has held firm near the $50 mark since late June, buoyed by both safe-haven appeal and industrial demand, with its performance closely tied to broader global growth trends.
Both metals appear to be consolidating as markets await further cues from the U.S. Federal Reserve and upcoming economic data. Canadian bullion collectors and investors can expect continued stability heading into mid-summer.