Gold Prices Continue to Hit Record Highs
The yellow metal surged more than 2.4% in a single trading session, reaching $5,548.50 per ounce by 0800GMT, according to spot market data. Earlier trading saw an unprecedented peak of $5,595.44—marking yet another all-time high. Weekly gains approached 13%.
Year-over-year performance reveals a staggering 102% rally, while 2025 alone has delivered approximately 29% appreciation. Analysts attribute the meteoric rise to converging pressures: intensifying trade disputes, geopolitical volatility, and monetary easing across major global central banks.
Silver mirrored gold's extraordinary trajectory, climbing over 1% to achieve its own historic zenith at $120.43 per ounce. The white metal has skyrocketed more than 283% across the past twelve months.
Military tensions between Washington and Tehran reached critical levels after President Donald Trump disclosed via social media Wednesday that a "massive armada" was advancing toward Iranian waters. Trump demanded Tehran negotiate terms or confront what he characterized as a "much worse attack."
The president specified that the naval deployment, spearheaded by aircraft carrier Abraham Lincoln, surpassed the fleet previously dispatched toward Venezuela. Trump stated the force was "prepared to rapidly fulfil its missions with speed and violence if necessary."
Simultaneously, the Federal Reserve maintained its benchmark rate within the 3.5%-3.75% corridor Wednesday, characterizing current economic expansion as proceeding at a "solid" pace.
Fed Chair Jerome Powell indicated during his post-decision media briefing that policymakers would contemplate rate reductions following tariff-driven price pressures subsiding.
Powell projected he expects to see "the effects of tariffs flowing through goods prices peaking and then starting to come down, assuming there are no new major tariff increases that are begun."
"And that's what we expect to see over the course of this year. If we see that, that would be something that tells us that we can loosen policy," he added.
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