Gold & Silver Surge to New Heights

Gold and silver prices soared to new peaks on Friday, driven by escalating geopolitical tensions and a weakened U.S. dollar. Spot gold surged 1.5% to $2,417.59 per ounce, while silver skyrocketed 2.8% to $32.15 per ounce. Investors are seeking refuge in these metals amid global uncertainties, with a softer dollar enhancing their appeal. The Federal Reserves potential rate cuts and silvers industrial demand are further boosting their value. Analysts predict prices to rise further due to persisting geopolitical pressures, highlighting precious metals role as safe havens in turbulent times.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.