Gold and Silver Prices Break Records Amid Geopolitical Tensions
Gold and silver prices soared to unprecedented levels amid a weak US dollar and strong buying trends. The surge is driven by geopolitical tensions and trade-related uncertainties. Market analysts highlight safe-haven demand for precious metals as the US dollar weakens, affecting international bullion prices.
- Country:
- India
Gold and silver prices have reached unprecedented highs in the national capital, fueled by a weakened US dollar and robust global buying trends.
Silver extended its rally, climbing 4.05% to an all-time high, while gold rose 3% to a fresh peak in the bullion markets. Heightened geopolitical tensions and persistent trade uncertainties have driven up safe-haven demand.
Weak US data and possible Federal Reserve rate cuts are further impacting the dollar, reinforcing the meteoric rise of these precious metals globally.
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