Gold, Silver Soar: Gold Nears $5,600, Silver Hits $120 Amid Global Tensions
Personal Finance
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CNBC Awaaz•29-01-2026, 08:21
Gold, Silver Soar: Gold Nears $5,600, Silver Hits $120 Amid Global Tensions
- •Gold prices surged to nearly $5,600 per ounce, marking over 10% gain this week and 27% this year.
- •Silver also saw a rapid increase, approaching $120 per ounce due to strong investment demand and limited supply.
- •Geopolitical tensions, particularly between the US and Iran, are driving investors towards safe-haven assets like gold and silver.
- •Uncertainty over US Federal Reserve interest rate cuts and a weaker US dollar are making gold more attractive.
- •Central bank buying, Tether's gold investment plans, and strong retail demand in Asia are further fueling the rally.
Why It Matters: Gold and silver prices are surging globally, driven by geopolitical risks, economic uncertainty, and strong demand.
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