Historical Records Have Been Broken in Gold and Silver Prices

Gold Prices Made History

On Friday, gold prices surpassed 4,300 dollars per ounce, marking an all-time high. Rising global trade tensions, signs of fragility in regional banks in the USA, and expectations of interest rate cuts in investors' minds have increased the demand for gold.

Spot Gold Breaks a Record

Spot gold reached a level of 4,380 dollars per ounce with a 1.1% increase, thus breaking a historical record again. Additionally, U.S. gold futures rose to 4,348.70 dollars with a 1% increase. The 9% increase seen this week marks the strongest week since March 2020.

Rise in Gram Gold and Historical Record in Silver

The rise in spot gold has also reflected in the Turkey market. The price of gold per gram reached 5,902 lira after a 1.3% increase, setting a new peak. This is recorded as an important development for Turkish investors.

High Demand for Silver

There is noteworthy activity in the silver sector as well. Spot silver rose to 54.43 dollars per ounce with a 0.3% increase, breaking a historical record at this level. The shift of investors towards silver is shaped particularly by industrial demand and investor confidence.

Conclusion

Gold and silver continue to be safe havens for investors amid current economic uncertainties. The consecutive records indicate that interest in these precious metals will continue to rise. It is important for investors to carefully monitor market changes and price trends.