Investor caution remains elevated amid geopolitical tensions, unsettled global equities, and a sharp rally in gold, which has climbed more than $100 to $4865.
Gold (XAU/USD) remains unstoppable, underpinned by a sour market sentiment on the back of escalating tensions between the US and the EU and a broader de-dollarisation process.
Gold (XAU/USD) climbs to yet another record high on Wednesday as risk sentiment deteriorates across global markets, driving investors toward safe-haven assets amid rising geopolitical and economic uncertainty.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $95.04 per troy ounce, up 0.84% from the $94.25 it cost on Tuesday.
Silver price (XAG/USD) turns sideways near the all-time high of 95.90 during the early European session on Wednesday. The white metal consolidates as investors await speech from United States (US) President Donald Trump in the World Economic Forum (WEF) at Davos, scheduled at 13:00 GMT.