Gold and Silver Rally as Geopolitical Tensions Escalate
Gold and silver prices surged as the US-Iran conflict intensified, with gold adding $750 billion to its market capitalization and silver gaining $112 billion. The closure of the Strait of Hormuz by Iran has amplified market volatility, driving investors toward safe-haven assets.
Gold is now 3% away from its all-time high, reflecting heightened demand for stability. Silver’s momentum mirrors this trend, as both metals benefit from the flight to safety. The rally underscores how geopolitical risks continue to dictate capital flows in uncertain times.