Gold and silver prices soared to historic highs as investors sought safety from rising geopolitical risks and financial uncertainty. Gold briefly touched about $4,990 per ounce, while silver surged past $100 per ounce, marking record levels for both metals.
Analysts say escalating tensions in regions including Iran and Venezuela, along with renewed criticism of the U.S. Federal Reserve by President Donald Trump, have pushed investors away from currencies and bonds and toward precious metals.
In overseas retail markets, gold prices showed sharp volatility. In Bangladesh, for example, the price of 22-carat gold climbed to roughly $2,325 per 11.66 grams, reflecting the global surge. Silver prices in the same market rose to around $63 per 11.66 grams.
Market strategists noted that silver has jumped more than 200 percent over the past year, far outpacing gold’s roughly 80 percent rise. This rapid move has compressed the gold-silver ratio, leading some analysts to believe gold may now offer more stable upside compared to silver’s recent explosive gains.
Financial experts say the rally is being fueled by fears of currency debasement, trade uncertainty, and expectations that central banks may face political pressure in setting interest rates. Precious metals have historically benefited during such periods of instability.
Despite the strong momentum, analysts caution that prices could remain volatile in the coming weeks as investors react to global political developments and upcoming economic data from the United States.
