Gold Nears $5,600, Silver Smashes $120 as Safe-Haven Rush Intensifies

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Published: 5 days ago

Gold raced toward $5,600 an ounce on Thursday, hitting $5,594.82 earlier, driven by soaring safe-haven demand amid U.S. political uncertainty, rising debt, and global trade tensions. U.S. gold futures jumped 4.5% to $5,539.20, marking nine straight sessions of record highs. The metal has surged 27% in 2026 alone after a 64% leap in 2025. Silver broke records too, climbing past $120 to $120.45, fueled by investor demand, supply shortages, and momentum buying. Platinum and palladium followed suit, reaching $2,770.49 and $2,107.37, respectively, signaling a broad rush into precious metals as markets brace for continued volatility.

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