Gold, silver, and platinum prices hit record highs as confidence in U.S. assets declines

According to Jinshi News, due to geopolitical tensions and economic uncertainty leading to a decline in market confidence in U.S. assets, the prices of gold, silver, and platinum surged to record highs on Friday. Spot gold climbed to $4,966.59, while spot silver reached a record high of $99.34. Kyle Rodda, a senior market analyst at Capital.com, stated that confidence in the U.S. and its assets may have been permanently shaken, prompting a flow of funds into precious metals. The U.S. dollar index hovered around a two-week low on Friday, having fallen 1% over the past week.