Silver hits fresh high above $84, gold breaks record after Trump flags possible action on Iran
Crypto Briefing
Precious metals surged as gold hit a record high and silver reached $84/ounce amid escalating US-Iran tensions.Summary
Precious metals, including gold and silver, advanced significantly as investors sought safe-haven assets due to rising geopolitical tensions. Spot gold reached a new high near $4,600, and silver scaled levels above $84 per ounce. This rally is fueled by escalating friction between the US and Iran following the US's consideration of punitive measures against Tehran over its deadly crackdown on protesters. President Trump warned that the rising death toll was approaching a "red line." Further uncertainty stems from broader policy risks, including US trade measures and the Fed's policy stance. Investment demand is also evident through continued inflows into gold and silver ETFs.
(Source：Crypto Briefing)