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18 April 2024

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Gold, silver rise to near record highs on safe-haven demand

27-01-2026 08:22 AM


Ammon News - Gold rose on Tuesday, after ‌breaking through the $5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver also hovered near all-time highs.

Spot gold climbed 1% to $5,065.07 per ounce, as of 0329 GMT, after scaling a record $5,110.50 the previous day.

U.S. gold futures for February delivery lost 0.4% to $5,059.90 ‌per ounce.

Spot silver surged 5.2% to $109.22 an ounce, after hitting a record high of $117.69 ​on Monday. The white metal has already surged 53% ‍so far this year.

Spot platinum lost 2.5% to $2,658.19 per ounce after hitting a record $2,918.80 in the previous session, while palladium ​fell 1.3% to $1,956.31.

Reuters




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