Gold & Silver Surge to New Heights

Gold and silver prices soared to new peaks on Friday, driven by escalating geopolitical tensions and a weaker U.S. dollar. Spot gold surged 1.5% to $2,417.59 per ounce, while silver skyrocketed 2.8% to $32.15 per ounce. The Middle East unrest and dollars decline pushed investors towards these safe-haven metals. Experts attribute this trend to a flight to safety and anticipation of Federal Reserve interest rate cuts. Silvers surge is further boosted by its growing industrial use, particularly in solar panels. With risks persisting, analysts predict prices to rise further, keeping precious metals in the investors focus.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.