Precious Metals Rally Signals Rising Investor Anxiety

Gold and silver extended their blistering rally this week, with gold hovering at record highs around $5,000 dollars an ounce and silver breaking $100 dollars an ounce for the first time. The surge caps a multi-year climb that has propelled gold far beyond its pandemic-era peak near $2,000 dollars and pushed silver well past prior bull-market highs.

Analysts cite a cocktail of forces: persistent inflation above central bank targets, expectations that the Federal Reserve will begin cutting interest rates, and mounting geopolitical frictions that have undermined confidence in major currencies. Heavy buying by central banks and private investors, along with supply strains in silver, has reinforced the move. The rush into precious metals signals broad concern about stagflation risks and a continuing shift toward perceived safe-haven assets in an uncertain global economy.