Geopolitical Tensions Drive Safe-Haven Investments

As geopolitical tensions escalate, investors are increasingly turning to safe-haven assets like gold and silver. This trend was further fueled by recent remarks from US President Donald Trump regarding the Gaza Strip, which have sparked global reactions and added uncertainty to the Middle East situation.

Global Reactions to Trump's Remarks

President Trump's comments about the potential for the US to "take over" the Gaza Strip, including the possibility of permanently relocating Palestinians from the territory, have drawn widespread attention and concern. Following a meeting with Israeli Prime Minister Benjamin Netanyahu, the Saudi Foreign Ministry emphasized that normalization of relations with Israel is contingent upon the establishment of an independent Palestinian state.

Market Response

In response to these developments, silver prices rose by 1.07% to $32.45 per ounce, while gold prices reached a fresh record high, increasing by 0.81% to $2,757.18 per ounce. These movements underscore the market's reaction to geopolitical instability and the ongoing search for stable investments.