Lates News

Spot gold on Thursday soared above $5,500 per ounce, approaching $5,600 at one point to hit a new all-time high, continuing its rapid rise as geopolitical and economic uncertainty prompted a large influx of investors into this safe-haven metal. Silver prices also hit record highs. IG market analyst Tony Sycamore said, "The uptrend is driven by sustained central bank buying, strong momentum from trend-following funds, and high levels of safe-haven demand." He added, "Although the uptrend is developing parabolically and a correction may not be far off, fundamentals are expected to provide support throughout 2026, making any pullback an attractive buying opportunity." Geopolitical tensions continue to escalate, with US President Trump previously urging Iran to return to the negotiating table to reach an agreement on nuclear weapons, warning that the next US attack will be more severe.