Gold prices reached a six-month high of $1,985 per ounce on January 10, 2025, bolstered by rising geopolitical tensions in Eastern Europe and a weaker US dollar. The safe-haven asset attracted significant investor interest as uncertainties surrounding potential military escalations persisted. In addition, lower US Treasury yields further supported gold’s upward momentum. Silver, often considered a complementary asset to gold, also saw a 3% increase, trading at $26.50 per ounce. Analysts suggest that gold prices could test the $2,000 mark if geopolitical risks remain elevated. However, any resolution of tensions might lead to a pullback.
Gold Prices Surge Amid Geopolitical Tensions
