Gold and Silver Rally to Record Highs Amid Economic Uncertainty
Precious metals continue their meteoric rise, with Gold and silver hitting unprecedented levels as investors seek refuge from market volatility and geopolitical tensions. Gold reached $4,186 per troy ounce, while silver surged to $53.59 per ounce, marking monthly gains of 12% and 21%, respectively.
The rally echoes historical patterns where metals thrive during economic turbulence. Silver's 78% year-to-date outperformance even surpasses its 1980 peak during the Hunt brothers' market squeeze. Analysts suggest this trend may persist, recommending increased portfolio allocations to hard assets.