Overview
- Spot gold hit a record above $5,500 an ounce and silver set a new high over $120, extending a nine‑day rally.
- Weakness in the U.S. dollar to near four‑year lows, heightened geopolitical risk, and bets on a softer Fed stance fueled the jump.
- Banks are cutting risk in precious‑metals trading, reducing liquidity and increasing price volatility, according to broker Tullet Prebon.
- Investment demand is dominating as gold ETFs log strong inflows and central banks keep adding to reserves, while jewelry and tech uses lag.
- Retail interest is rising with guidance on access through certified coins and bars in Mexico and via ETFs like GLD, IAU and iShares Silver Trust, with advisers urging 5–15% portfolio exposure.