Gold & Silver Soar on Geopolitical Tensions, Dollar Dip

Gold and silver prices surged to new peaks, driven by escalating geopolitical tensions and a weakened US dollar. Spot gold rose 1.5% to $2,417.59 per ounce, while silver soared 2.8% to $32.15 per ounce. Safe-haven demand, Federal Reserve rate cut expectations, and industrial use in solar panels are fueling this bullish trend. Investors anticipate further price increases due to persistent geopolitical risks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.