Gold & Silver Surge to Record Highs

Gold and silver prices soared to record highs on Friday, driven by escalating global tensions and a weaker U.S. dollar. Spot gold reached an all-time peak of $2,417.59 per ounce, while silver surged to its highest level in over a decade at $29.80 per ounce. Investors sought refuge in these precious metals due to geopolitical worries, including the ongoing war in Ukraine and Middle East conflicts. A weakening dollar made gold and silver more affordable for international buyers, further boosting their prices. Analysts predict that as risks persist and the dollar remains weak, these shiny assets will continue to attract investors, keeping markets on edge.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.