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 CEOs Identify National Debt as Foremost Threat Amid Global Uncertainties READ MORE July Sees Record Central Bank Gold Acquisition Since January READ MORE Silver Outshines Gold with 22% Return, Supply Deficit Expected READ MORE Jamie Dimon Predicts Sustained High Interest Rates Amid Economic Challenges READ MORE Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Add a Comment Cancel replyYour email address will not be published.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