Overview
- Gold touched roughly $5,595 per ounce and silver about $121.65 before a rapid reversal saw gold drop around $300 to near $5,260 and silver slip toward $112–110.
- Safe-haven flows tied to geopolitical tensions, dollar concerns and policy uncertainty propelled the surge, with fresh highs recorded in London trading this week.
- Analysts attributed the pullback to profit-taking and a swift shift in risk sentiment, with speculative positions unwound after headlines including a U.S. warning to Iran.
- Industry data show record 2025 gold demand of about 5,002 tonnes and ETF holdings up roughly 801 tonnes, while silver’s rise is reinforced by heavy industrial use and constrained supply where over 70% is mined as a byproduct.
- Germany’s gold hoard has jumped in paper value, but the Bundesbank reaffirmed its legal independence and said political directives to sell reserves would not be accepted.