Gold, silver, and platinum prices reach record highs as confidence in U.S. assets declines
ChainCatcher News, according to Golden Ten Data, due to geopolitical tensions and economic uncertainty leading to a decline in market confidence in US assets, the prices of gold, silver, and platinum surged to record highs on Friday. Spot gold once climbed to $4,966.59, while spot silver reached a record high of $99.34. Kyle Rodda, Senior Market Analyst at Capital.com, stated that confidence in the US and its assets may have been permanently shaken, prompting capital to flow into precious metals. The US Dollar Index hovered near its lowest level in more than two weeks on Friday, having fallen 1% over the past week.
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