Gold Prices Rise as Investors Seek Safe Havens

Gold and silver prices have reached record highs, driven by investors seeking safe haven assets amid global uncertainties. Spot gold rose to $US4530 per ounce, a 70% increase this year, while silver surged 138% to over $US71 an ounce. Analysts cite unprecedented demand, geopolitical tensions, and central banks stockpiling gold as key factors. Expectations of ongoing interest rate cuts in the US further support the bullish outlook for gold prices.