Gold races toward $5,000 as Ray Dalio warns of ‘capital wars’ and dollar strain
Gold hit a fresh record on Friday, with silver breaking the $100 an ounce mark for the first time, driven by a surge in safe-haven demand amid geopolitical tensions and expectations of U.S. rate cuts. Spot gold gained 1.2% to $4,988.17 after peaking at $4,993.02. Silver hovered around $100.47, having reached $100.94 earlier, per the day’s trading figures. “This is safe-haven buying being extrapolated into something much bigger,” said Philip Newman, managing director at Metals Focus.