The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to keep its oil output unchanged for March at a meeting on Sunday. The group announced that the next meeting will take place on March 1.
Silver (XAG/USD) trades around 112.50 on Tuesday at the time of writing, up 3.80% on the day, extending its four-day bullish momentum after erasing recent losses.
Deutsche Bank's Early Morning Reid Macro Strategy report highlights a significant rise in Gold prices, which have surged by +8.52%, nearing the $5,000 level. The report notes that geopolitical concerns have contributed to this upward momentum.