Summarised by Centrist
Gold prices hit an all-time high, surpassing USD$2,431.52 per ounce, amid safe-haven demand.
This marks a 4% increase for the week and a 16% rise so far this year, outpacing last year’s 13% gain.
Analysts argue that escalating geopolitical tensions are the key driver behind the surge, particularly in the Middle East. Additionally, strong demand from China has further supported gold prices.
Investors buy gold as a traditional hedge during market instability.
Other precious metals have also seen gains.
