Gold & Silver Hit Record Highs on Geopolitical Tensions

Gold and silver surged to record highs in Asia on Monday, driven by rising geopolitical risks that boosted safe-haven demand. Tensions escalated after the U.S. pursued Venezuelan oil tankers and launched strikes on targets in Syria.

Spot gold rose 1.5% to $4,404.77/oz after hitting a record, while spot silver jumped 2.8% to $69.06/oz. Analysts cite Fed rate-cut expectations, strong central-bank buying, and geopolitical uncertainty as key drivers. Goldman Sachs remains bullish, forecasting gold at $4,900/oz by December 2026.