In a remarkable week for the precious metals market, silver has surged a notable 9%, its highest leap in recent times, Forbes reports. Not far behind, gold has also registered an increase, indicating a spike in investor confidence in the midst of a recent tariff ruling and ongoing tensions with Iran.
The upturn in silver and gold prices can be attributed to two major global events. First, the sanction ruling announced by the World Trade Organization, which is expected to have substantial impact on international trade. Second, the escalating geopolitical risks due to the Iran situation have increased the appeal of safe-haven investments, pushing investors towards silver and gold.
These unfolding events on the global stage have elicited changes in market behaviour, making commodities like gold and silver attractive investments.
Historically, precious metals have acted as reliable stores of value in times of economic uncertainty, and the current market trends reaffirm this perspective. As the tariff ruling and Iran tensions continue to dominate headlines, experts anticipate these metals to maintain their appeal among investors. Read More
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