Gold & Silver Surge to Record Highs

Gold and silver prices surged to new heights, with gold reaching $4,445 per ounce and silver at $68 per ounce, marking a significant increase since the start of the year. Investors are turning to safe-haven assets due to economic uncertainty and geopolitical tensions. Analyst Matthew McLennan from First Eagle Investments attributes this to massive fiscal deficits and the battle over the next Federal Reserve chair. The future of precious metals in portfolios depends on wage inflation and job openings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.