Gold and Silver Climb to New Record Highs as Bull Run Continues
This last week had silver and gold prices hit new highs, extending a remarkable year-end rally in precious metals. The gains were driven by rising geopolitical risks, reduced market liquidity, and a weaker greenback, which amplified price movements. Silver’s price moved past $77 an ounce, representing a more than 7.5% increase. Spot gold briefly traded at $4,530.02 an ounce, an increase of about 1.1%. The Bloomberg Dollar Spot Index also fell 0.7% over the week, marking its sharpest decline since Q2. A softer dollar typically boosts gold and silver prices. These shifts come as rising geopolitical tensions continue to boost demand for safe-haven assets like silver and gold, a sentiment echoed by Sky Links Capital Group’s CEO, Daniel Takieddine. He adds that thin…