Silver jumps almost 6%, gold breaks beyond $5,100: What is driving precious metals?
Gold and silver futures shattered previous records on Tuesday, driven by a surge in safe-haven demand amidst escalating geopolitical tensions. International markets saw significant gains, with gold surpassing $5,100 per ounce and silver climbing over 6%. This rally is attributed to global uncertainty, a weakening US dollar, and trade disputes impacting currency values.
Gold and silver futures shattered previous records on Tuesday, driven by a surge in safe-haven demand amidst escalating geopolitical tensions. International markets saw significant gains, with gold surpassing $5,100 per ounce and silver climbing over 6%. This rally is attributed to global uncertainty, a weakening US dollar, and trade disputes impacting currency values.
