Gold and silver surge to unprecedented historical highs

Precious metals soared to new all-time records on Friday, driven by intense safe-haven demand. On the New York COMEX exchange, gold prices hit a staggering $4,969.69 per ounce, while silver prices climbed to $99.19 per ounce, marking a historic milestone for both commodities.

Financial analysts attribute this rally to heightened global trade tensions and a weakening outlook for major currencies.

As gold approaches the critical $5,000 threshold and silver nears $100, market volatility remains high. Global central banks' continued accumulation of gold reserves further supports the long-term bullish trend in the precious metals sector.