Overview

• Gold prices have climbed over 20% this year, nearing a record high of $2,531.70 per ounce.
• Federal Reserve's dovish signals on interest rates have increased gold's appeal as a safe-haven asset.
• Geopolitical tensions, particularly in the Middle East, are driving investors to seek refuge in gold.
• Strong demand from central banks and rising ETF inflows are supporting the upward trend in gold prices.
• Silver also shows resilience, trading above $30 per ounce due to industrial demand and geopolitical risks.