Precious metals have skyrocketed, with gold and silver reaching new all-time highs as investors seek safe-haven assets amid escalating global tensions. Gold surged past the $2,500 per ounce mark, while silver also broke its previous record. The dramatic price surge is being driven by a combination of the escalating trade conflict between the US and China and fresh geopolitical fears, particularly concerning the war in Ukraine.
Analysts point to the recent announcement of severe US tariffs on China as a key trigger, creating uncertainty in global markets and pushing investors toward traditionally stable stores of value. The flight to safety underscores deep market anxieties about the potential for the world’s two largest economies to enter a full-blown trade war, which could disrupt global supply chains and economic growth.
