Gold and Silver Surge as Investors Flee Traditional Assets
Gold soared to a record $5,350 an ounce, briefly touching $5,450, as its market capitalization eclipsed $35 trillion. The 22% year-to-date rally reflects deepening skepticism toward the U.S. dollar and sovereign debt markets.
Shanghai silver futures breached $140, diverging sharply from global benchmarks. The premium reflects tightening physical supply, robust industrial demand, and currency fluctuations in China's domestic market.