Reported 14 days ago
Gold prices have surged to a record high, exceeding $4,300 an ounce, fueled by concerns over economic credit quality, expectations of further monetary easing from the Federal Reserve, and escalating tensions between the US and China. With a remarkable increase of over 7% within the week, bullion's demand is being supported by both speculative bets on significant rate cuts and geopolitical uncertainties. The silver market has also seen a similar spike, reaching record highs due to liquidity issues, indicating a broader trend of investors seeking safe-haven assets amid ongoing instability.
Source: YAHOO