Silver Nears Record High, Investors & Industry Scramble for the White Metal

Silver prices rallied above $65.5 per ounce on Friday, approaching a record high, amid a weakening dollar and strong fundamentals. The precious metal is on track for its fourth consecutive weekly gain and has risen more than 120% since the start of the year, reflecting strong investor appetite for safe-haven assets. Investor demand has increased…

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Gold Approaches $4,300!

Gold prices weakened in the Asian session on Friday, falling below $4,350. This movement occurred despite signs of easing in US inflation (CPI), which should have supported gold through the possibility of an interest rate cut. The main pressure came from profit-taking after the previous rally. Furthermore, there was liquidation of long positions by short-term…

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