Gold Continues to Rise, Silver Records Historic Jump

Sana'a: Gold prices continued to rise on Tuesday, supported by safe-haven demand, surpassing $4,100 per ounce, hitting a record high. Meanwhile, silver recorded a historic jump, rising 6%, surpassing the $50 per ounce barrier for the first time in its history. According to Yemen News Agency, the rise in gold prices comes amid renewed trade tensions between the United States and China, and prices were also supported by expectations of a US Federal Reserve interest rate cut. Gold futures rose 2.44% to $4,098 per ounce, having previously hit a record high of $4,103.81 per ounce. Spot gold futures rose 1.49% to $4,077.68 per ounce, according to trading data. According to trading, December silver futures rose to $50.04 per ounce, a 5.94% increase from the previous session's close. In trading, silver hit an all-time high of $50.083 per ounce. The rise in silver prices was attributed to increased industrial demand for the metal, favorable global economic conditions, and positive dynamics in the precious metals m arket. This record jump, according to observers, reflects a shift in investor perceptions of silver, which has strengthened its position as one of the best-performing assets this year.