Gold, Silver Prices Surge on Geopolitical Tensions; Experts Advise Hold, Wait to Buy

• Gold and silver prices surged on January 6, with gold hitting a one-week high and yielding a 64% return in 2025.
• Rising geopolitical tensions, particularly the US occupation of Venezuela, are driving demand for gold as a safe-haven asset.
• Upcoming US economic data (employment, jobless claims) will influence the Federal Reserve's interest rate policy, potentially impacting gold prices.
• Indian gold and silver prices also saw significant increases, with 24-carat gold reaching ₹13,621 per gram and silver ₹2.42 lakh per kilogram.
• Experts advise holding existing gold due to strong outlook, suggesting new investors wait for a price correction and maintain a 5-10% portfolio allocation.

Why It Matters: Geopolitical tensions are driving gold and silver prices up; experts recommend holding existing assets and waiting for a correction to invest.