Gold & Silver Surge to New Heights

Gold and silver prices soared to new peaks on Friday, driven by escalating geopolitical tensions and a weakened U.S. dollar. Spot gold rose 1.5% to $2,417.59 per ounce, while silver surged 2.8% to $32.15 per ounce. The Middle East unrest and a falling dollar index made these metals more affordable for international buyers. Experts attribute this surge to global risks, a weak dollar, and anticipation of Federal Reserve interest rate cuts. Silvers demand in industries like solar panels is also contributing to its price rise. With ongoing risks, gold and silver are expected to continue their upward trend, providing a hedge against uncertainty for investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.