Money and business

Gold and silver continue to rise amid concerns about the independence of the Federal Reserve


Gold prices jumped to a record high today, Wednesday, while silver exceeded $90 for the first time, as escalating tensions in Iran and concerns about the independence of the Federal Reserve increased demand for safe havens, while lower inflation in America reinforced expectations of a cut in interest rates.

And Other precious metals: The price of silver rose 4.8% to $91.11 per ounce, retreating from the previous record high of $91.53.

The price of platinum rose 3.4% to $2,403.26, and the price of palladium rose 0.1%, reaching $1,841.80 per ounce.

It is expected Bank "ANZ" The price of gold will exceed $5,000 per ounce in the second half of 2026, while many other major brokerage firms expect similar numbers in light of the prevailing global uncertainty.

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