Overview
- Spot gold rose as high as $5,265 per ounce on Wednesday for an eighth straight daily gain, while silver traded around $115 after touching $117 earlier in the week.
- The euro pushed above $1.20 after Trump said he was unconcerned by dollar weakness, deepening the currency’s slide and boosting dollar‑priced bullion.
- Germany’s BaFin warned that market optimism and leveraged strategies raise the risk of sudden price corrections and flagged concerns over confidence in the Fed’s independence.
- German dealers reported a surge in private buying, with silver bars facing multi‑week delivery delays and some popular coins in short supply.
- Central‑bank purchases and large ETF allocations are supporting the rally, and the Bundesbank reiterated that Germany’s gold held in New York is present, genuine, and secure.