US EditionSilver Surges To Record $120, Gold Nears High Of $5,600 As Price Rally Breaks Even More Records
Gold surged over 4% and silver nearly 7% this week as investors reacted to U.S.-Iran tensions, a weaker dollar, and expectations of Federal Reserve rate cuts, analysts said.
- On Thursday, gold neared $5,600, rising more than $200, while silver topped $120 at $121.79 amid U.S.-Iran tensions.
- Market analysts point to dollar weakness and Fed expectations as U.S.-Iran geopolitical tensions and a weakening dollar hitting a four-year low drove metals demand this week.
- At 9:30 a.m. EST, gold was trading about $5,535.10, up more than 4.3%, while silver climbed to $121.10, up nearly 7% and near its intraday high.
- Investors are reallocating into gold as a safe-haven, with retail and institutional investors increasing allocations while industrial demand from electric-vehicle production and AI data centers pressures silver markets.
- Looking forward, forecasters see both upside and sharp downside risks as Deutsche Bank attributed to potential gold prices surpassing $6,000 this year and analysts warned of extreme volatility, including market `broken` conditions.
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News of the Day and the Hour Latest News of today Investors seek refuge in precious metals from sending a U.S. fleet to the Persian Gulf and Trump's warnings of a possible attack. Silver also marked a historic peak, while Brent crude exceeded $70 a barrel Gold reached a new historic peak higher than $5,600 an ounce to the future this Thursday, while investors seek refuge from the rise in geopolitical tensions and threats of U.S. President Donal…
Gold Nears Record $5,600 As Metals Smash Even More Records
Topline Gold and silver prices surged early Thursday morning, with silver toppling the $120 mark and gold nearing an all-time high of $5,600, up more than $200 from just one day ago as tensions between the United States and Iran mount and the dollar weakens. Key Facts The price of gold is about $5,535.10 as of 9:30 a.m. EST, up more than 4.3% today but slightly down from an all-time high of $5,586.20 earlier this morning. The price of silver i…
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