Gold & Silver Soar to Record Highs

Gold and silver prices surged to record highs, driven by escalating geopolitical tensions and a weakening U.S. dollar. Spot gold reached a peak of $2,417.59 per ounce, while silver hit a ten-year high at $29.80 per ounce. Investors sought refuge in these metals due to the Ukraine conflict and Middle East tensions, with a lower dollar making them more affordable. The dollar indexs decline further boosted demand. Analysts predict ongoing risks will continue to propel prices upward and keep the dollar under pressure. As global uncertainties persist, gold and silver are expected to remain in the spotlight.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.