Gold, Silver and Platinum Extend a Record-Setting Rally
GoldBank Insider by Gold Bank
Episode notes
Welcome back to Goldbank Insider, the UK podcast where we turn the day’s biggest precious-metals story into what it means for UK investors. Gold, silver, and platinum pushed to fresh all-time highs as investors rotated away from US assets amid geopolitical tension and economic uncertainty, with a weaker US dollar adding fuel to the move.
What happened
• Gold hit a new record high around $4,966.59/oz, then held near $4,957/oz.
• Silver surged to a record around $99.34/oz, trading near $98.87/oz.
• Platinum touched a record around $2,684.43/oz, trading near $2,650.90/oz.
• The US dollar index hovered near a more-than-2-week low after falling about 1% this week, which makes dollar-priced metals cheaper for non-US buyers.
Why it matters for the UK
1. The currency lens matters
UK buyers fee ...