Precious Metals Surge to Historic Peaks Gold has shattered previous records, climbing to a new all-time high of **$4,700** per ounce. This dramatic price action is primarily driven by heightened geopolitical tensions, which have accelerated capital flows into safe-haven assets. Silver is participating in the rally with equal vigor, officially crossing the **$95** mark. The synchronized rise indicates robust sentiment across the commodities complex. Supporting this momentum is a weakening US dollar and strengthening consensus regarding future monetary policy. Investors are pricing in imminent US interest rate cuts, a scenario that historically benefits non-yielding assets like gold and silver by reducing the opportunity cost of holding them.