Gold and silver prices rose sharply, trading near record levels as investors turned to safe haven assets amid heightened geopolitical tensions and ongoing economic uncertainty. Market analysts said demand for precious metals increased as concerns over global conflicts, interest rate outlooks and slowing growth weighed on investor confidence.
Gold prices gained as buyers looked for protection against volatility in currency and equity markets. Silver followed a similar trend, supported by both its role as a store of value and its industrial demand, particularly in technology and renewable energy sectors.
Traders said uncertainty surrounding global monetary policy has also contributed to the rally. Expectations that major central banks may keep interest rates elevated for longer, combined with uneven economic data, have encouraged investors to rebalance portfolios toward traditional safe assets.
The rise in precious metals has also been supported by strong buying from central banks in recent months, as several countries continue to diversify reserves away from traditional currencies. This structural demand has added momentum to price gains.
Analysts caution that while prices are being driven higher by risk aversion, future movements will depend on geopolitical developments, inflation data and signals from central banks. For now, gold and silver remain key indicators of global market sentiment.
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