Gold Surges 2.8%, Silver Nears 12-Year High on Safe-Haven Demand

Gold and Silver Prices Soar Amid Rising Safe-Haven Demand

Gold Climbs 2.8% as Tariff and Debt Concerns Grow

The price of Gold surged 2.8% to $3,380 per ounce early this week, driven by mounting global geopolitical risks, renewed tariff concerns, and growing fears of US debt escalation. The jump marked the highest level in several weeks, with no single event acting as a catalyst. Instead, investor anxiety and macro uncertainty continue to push capital toward safe-haven assets like Gold.

Silver Nears 12-Year High with 5% Surge

Silver outperformed, rallying more than 5% to $34.80 per troy ounce, inching closer to the 12-year high reached in late October 2024. The strong rally in both metals is supported by a weaker US Dollar, as disappointing US economic data dampens investor sentiment and undermines confidence in the Greenback.

Platinum and Palladium Lag Behind

While Gold and Silver dominated headlines, Platinum and Palladium showed muted moves. Platinum retreated slightly, remaining below last week’s two-year high of just over $1,100/oz, while Palladium hovered near $1,000/oz with limited upward momentum.

“Safe-haven flows have returned with force, and the precious metals complex is clearly benefiting,” analysts noted, citing broad macroeconomic concerns and weak global growth indicators.

Related Tredu Reads:

• Why Gold Is Still the Ultimate Safe-Haven Asset
• Silver’s Long-Term Outlook: Can It Break the 12-Year Ceiling?
• Platinum and Palladium Price Divergence Explained