Gold and Silver Surge as Investors Eye Iran-Israel Tensions Gold has recently reached a new all-time high, surpassing the $2,400 mark, influenced by ongoing geopolitical tensions and the anticipation of U.S. interest rate cuts. On Friday, gold futures for June delivery climbed 1.7%, reaching $2,414 per ounce, closely following a record close at $2,372.70 on Thursday. This marks a significant year-to-date increase of over 14%. Concurrently, silver also saw a notable rise, increasing by 3.3% to $29.18 an ounce. The upward trend in precious metals, which began in early March, is largely driven by market reactions to potential threats of conflict between Iran and Israel, as well as mixed economic data from the U.S. that could influence Federal Reserve policies. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Crude Retreats Below $83; U.S. Senate Targets Iranian Oil with New Sanctions READ MORE Gold Soars Amid Geopolitical Tensions: A Safe-Haven Surge READ MORE Gold's Bright Future: Three Reasons It May Shine in 2024 READ MORE Inside Job at Toronto Airport Leads to $16.5 Million Gold and Cash Heist READ MORE Record High Industrial Demand for Silver Anticipated in 2023 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment