Category Business Stories

Gold and Silver prices rise due to global tensions

Gold and Silver Prices
Gold and Silver prices saw a strong increase on Monday, mainly due to growing fears that Iran might retaliate against Israel. Additionally, a drop in U.S. bond yields added to the upward movement of these precious metals. One major reason behind the rising gold prices is that central banks are moving away from holding U.S. dollars and are buying more gold. This shift has pushed gold prices above $2,500 per ounce and silver above $28 per ounce. Investors are also buying more gold and silver before important U.S. economic data is released.