DZWatch Exclusive: Gold prices reached unprecedented levels today, marking a significant milestone in the precious metal’s market performance. The surge reflects increasing global economic uncertainties and heightened investor demand for safe-haven assets.
In spot trading, gold climbed 0.5% to a record $4,467.66 per ounce, briefly touching a peak of $4,469.52 earlier in the session. U.S. gold futures for February delivery also saw substantial gains, rising 0.74% to $4,502.30 per ounce.
Silver mirrored gold’s upward trajectory, gaining 0.19% to reach $69.15 per ounce. Yesterday, silver hit an all-time high of $69.44.
The year 2025 has been exceptionally profitable for gold investors. Since the beginning of the year, gold has appreciated by an impressive 70%, surpassing the $4,400 threshold for the first time yesterday. Silver has outperformed gold, soaring by 140% since January, and nearly reaching $70 in the previous session.
Other precious metals also experienced notable gains. Platinum rose 1.1% to $2,143.70 per ounce, its highest level in 17 and a half years. Palladium increased by 1.42% to $1,784.30 per ounce, marking a three-year high.
Analysts attribute the surge in precious metal prices to a combination of factors, including geopolitical instability, inflationary pressures, and concerns about the strength of the global economy. As investors seek refuge from market volatility, demand for safe-haven assets like gold and silver is expected to remain strong.
The record-breaking performance of precious metals highlights their enduring appeal as a store of value and a hedge against economic uncertainty. The current market conditions suggest that these assets will continue to play a crucial role in investment portfolios in the foreseeable future.
