Gold & Silver Skyrocket Amid Global Tensions

Gold and silver prices soared to unprecedented heights on Friday, driven by escalating global tensions and a weakening U.S. dollar. Spot gold reached a record-breaking $2,417.59 per ounce, while silver hit a decade-high of $29.80 per ounce. Investors are seeking refuge in these metals due to geopolitical uncertainties, including the ongoing war in Ukraine and potential conflicts in the Middle East. The dollars decline is further boosting demand for gold and silver, making them more affordable for international buyers. Historically, these precious metals have been favored during times of economic and political instability, offering a sense of security when other investments appear risky. Analysts predict more gains ahead, as global risks persist and the dollar remains vulnerable, underscoring the appeal of gold and silver in uncertain times.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.