Silver prices hit $100/ounce for the first time, gold nears $5000 milestone| Business News

Silver prices rose above $100 an ounce for the first time ever on Friday, while gold hit another record en route to $5,000/ounce as investors pile into safe-haven assets amid geopolitical turmoil and expectations for US interest rate cuts. Spot silver jumped 4.5% to $100.49 an ounce by 1649 GMT. (Unsplash) “Silver should continue to […]

Gold prices back above $4,000 after plunging on easing safe-haven demand| Business News

Gold clawed back some losses after plunging below $4,000 an ounce on Monday as progress in the US-China trade talks sapped demand for safe-haven assets. Gold has pulled back decisively from a record above $4,380 an ounce last Monday following a blistering rally. It’s still up more than 50% this year. (Bloomberg) Gold prices rose […]

Gold, silver prices hit records on US credit fears and ‘US-China trade war’| Business News

Prices of gold and silver rose to records as fears about credit quality in the US economy and a “US-China trade war” called out by President Donald Trump strengthened demand for havens. Some traders to book cargo slots on transatlantic flights for silver bars—an expensive mode of transport typically reserved for gold—to profit off higher […]