Overview
- Gold briefly approached $4,600 overnight before easing to about $4,578, still up roughly 1.5% on the day.
- The move extends a 6% year-to-date gain after a roughly 65% surge in 2025, the strongest since 1979.
- Silver jumped about 4.5% to $83.45, sitting just below its late-2025 record.
- Market commentary points to escalating Iran tensions and questions over Federal Reserve independence as key catalysts.
- Expectations of rate cuts and rising sovereign debt continue to support precious metals, with silver also buoyed by industrial demand in AI, robotics and energy.