Gold and silver jumped to all-time highs, with escalating geopolitical tensions and US dollar weakness helping to extend a historic rally for precious metals. Platinum also hit a record.
Spot gold rose as much as 1.2% to a peak above $4,530 an ounce. Frictions in Venezuela, where the US has blockaded oil tankers and ramped up pressure on the government of Nicolás Maduro, have added to the precious metal’s haven appeal. In Africa, the US has launched a “powerful and deadly strike” against a terrorist group in Nigeria, according to a social-media postBloomberg Terminal by President Donald Trump.