Gold, Silver Prices Skyrocket to Record Highs Amid Geopolitical Volatility, Weak Dollar

• Gold and silver prices surged to all-time highs, driven by a weakening US dollar and Trump-induced geopolitical volatility.
• Spot gold hit a record above $4,530 per ounce, while spot silver broke $75 per ounce for the first time.
• Geopolitical tensions in Venezuela (US blockade, pressure on Nicolás Maduro) and US strikes in Northwest Nigeria contributed to the metals' appeal.
• Silver has increased over 150% and gold almost 70% this year, marking their best yearly performance since 1979.
• Elevated central bank purchases, ETF inflows, and three US Federal Reserve interest rate cuts fueled the rally, with more cuts anticipated in 2026.

Why It Matters: Geopolitical tensions, a weak dollar, and Fed rate cuts propel gold and silver to historic record highs.