📊 Gold & Silver Hit Record Levels in Broad-Based Metals Rally
Gold and silver prices climbed to all-time highs last week, propelled by a broad rally across metals markets. Both precious metals are rallying as investors seek safe havens amid macro and geopolitical uncertainty, while speculation and weak dollar dynamics add momentum.
Key Facts:
• Silver led the advance with gains of about 11 % last week, reaching record prices above ~$95/oz.
• Gold also rallied sharply, with prices soaring past all-time highs near ~$4,700–$4,800 per ounce.
• The rally was supported by broad uptrends across metals (copper, tin, etc.), expectations of lower U.S. interest rates, and global economic and geopolitical pressures.
Expert Insight:
Analysts say the current metals surge reflects safe-haven demand boosted by geopolitical stress and uncertainty about central bank policy, alongside structural influences like supply tightness — especially for silver, whose market is relatively small and sensitive to both investment and industrial demand.
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