Precious metals surged to unprecedented levels on Monday, with gold and silver hitting record highs as investors sought safe havens amid rising geopolitical tensions.
Gold prices jumped over 2%, reaching above $4,400 per ounce, while silver climbed past $69 per ounce, marking historic peaks for both metals. Analysts attribute the sharp gains to heightened global uncertainties and strong demand from institutional investors and central banks.
The latest rally comes amid escalating tensions between the United States and Venezuela, along with broader international instability. “Investors are flocking to gold and silver as a protective measure,” said a market analyst. “Periods of geopolitical risk often trigger strong safe-haven flows.”
Monetary policy expectations have also contributed to the surge. Anticipation of potential U.S. Federal Reserve interest rate cuts, along with a weaker dollar and lower real yields, has made non-yielding assets like gold and silver increasingly attractive.
Market observers note that this year’s performance represents one of the strongest annual rallies for precious metals in decades. While prices are currently elevated, future trends will hinge on geopolitical developments and economic indicators in the coming months. Visit www.jocomms.com for more news.