US EditionRecord Highs For Gold, Silver Amid Venezuela Tensions
Gold rose 1.9% to $4,428.92 and silver surged 3.4% to $69.44 as investors sought safe assets amid the US-Venezuela standoff and global uncertainty.
- On Monday, gold climbed 1.9 percent to $4,428.92 an ounce, surpassing its prior record of $4,381, while silver reached a record $69.44 an ounce, Reuters reported.
- Last week, U.S. President Donald Trump ordered a blockade of sanctioned oil tankers and U.S. forces intercepted another tanker this month, actions analysts linked to rising metal demand.
- Macquarie strategists note that silver has surged 138 percent this year, with platinum jumping 5.3 percent to $2,06.8 and palladium climbing 3.2 percent to $1,767.68.
- Cooling inflation has pushed the probability of three Federal Reserve rate cuts in 2026 to nearly 40%, while LPL Financial sets a gold target of $4,875 with its Relative Strength Index at 76.
- Analysts point to elevated geopolitical risk, with Polymarket assigning a 60% probability of another Venezuela-linked oil ship seizure by Dec. 26, and contracts implying a 39% chance Maduro exits by March 31, 2026.
21 Articles
21 Articles
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