Reported 17 days ago
Gold prices soared to a new record exceeding $4,200 an ounce, driven by increasing tensions between the US and China and expectations that the Federal Reserve will cut interest rates multiple times this year. Spot silver also experienced considerable gains as traders reacted to market volatility and tight supply conditions. Falling yields on US Treasuries have bolstered the appeal of precious metals as safe-haven investments amidst economic uncertainties and trade threats.
Source: YAHOO