Gold and silver prices are rising, with US jewelry increasing by more than 11% in one year.

The latest CPI report shows a significant increase in jewelry prices over the past year, with a year-on-year increase reaching 11.2% in February, providing an interesting window into recent geopolitical turmoil. This increase is mainly driven by the surge in prices of gold and silver, which are typically seen as safe-haven assets by investors during times of uncertainty. This has been the case multiple times in the past year, initially due to tariff issues and now related to concerning conflicts in the Middle East region.