Precious Metals Skyrocket – Gold Blasts Past $3,900, Silver Hits 14-Year High as Global Turmoil Fuels Safe-Haven Frenzy
Spot gold surged past $3,900 per ounce for the first time on Oct. 6, peaking near $3,970. Silver hit $48.5/oz, its highest since 2011, while platinum reached a 13-year high at $1,640/oz. Investors are moving into precious metals as the U.S. government shutdown drags on and France faces political turmoil. Central banks and ETFs are driving record demand for gold.