Gold Hits Record High as Investors Seek Safety

In a remarkable surge, gold prices have escalated to a new record high of $3,030 per ounce. This significant increase comes as investors globally are turning towards safer investment options amidst rising geopolitical tensions. The recent escalation of conflicts, particularly after Israel resumed its attacks on the Gaza Strip, has played a pivotal role in this shift.

Global Market Reactions

Following the trend, silver also saw an uptick, rising by 0.97% to $34.19 per ounce. Similarly, platinum and palladium experienced growth, with platinum increasing by 0.54% to $1,007.65 and palladium advancing by 0.50% to $962.12 per ounce. These movements underscore the market's response to the ongoing geopolitical uncertainties.