Summary
- Gold prices surpassed $5,000 an ounce for the first time, and silver hit a record high of $105 an ounce.
- It was interpreted as a sharp strengthening of safe-haven demand as trade tensions, geopolitical uncertainty and rising volatility in currency valuations converged.
- After gold led the advance, funds rotated into silver, which has both industrial demand and investment demand, and the precious-metals rally could affect capital flows across global asset markets.
Gold and silver have both set new record highs, underscoring growing strength across the precious-metals market.
According to the Kobeissi Letter on the 26th (local time), gold prices surpassed $5,000 an ounce for the first time on record. Silver also hit $105 an ounce, marking a new all-time high.
The market is interpreting the move as the result of a sharp intensification in safe-haven demand, driven by a combination of trade tensions among the US, Europe and Canada, heightened geopolitical uncertainty, and increased volatility in currency valuations. In particular, analysts say that after gold led the initial advance, capital rotated into silver—which has both industrial and investment demand—further steepening the pace of gains in silver prices.
Experts say that if the precious-metals rally extends beyond a short-term event into a structural trend, it could also influence capital flows across global asset markets.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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