Gold & Silver Surge on Geopolitical Tensions, Weak Dollar

Gold and silver prices surged to new highs on Friday, driven by escalating geopolitical tensions and a weakened U.S. dollar. Spot gold rose 1.5% to $2,417.59 per ounce, while silver soared 2.8% to $32.15 per ounce. The Middle East unrest and a falling dollar index boosted safe-haven demand, while anticipated Fed rate cuts made non-yielding metals more attractive. Silvers surge is also fueled by robust industrial demand, particularly from the solar panel industry. With ongoing geopolitical risks, gold and silver may continue to rise, attracting global investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.