Gold and silver prices have whipsawed investors after a historic rally gave way to a sudden, steep sell-off. Over the past year, the metals surged to record highs as geopolitical tension, a weakening US dollar, ballooning global debt, and heavy central bank buying pushed investors toward safe-haven assets. Gold nearly doubled, while silver almost quadrupled, peaking recently before crashing by as much as 28% within days. Both have since rebounded. Some analysts link the drop to renewed optimism around US economic stability and point to President Donald Trump’s nomination of a conventional Federal Reserve chair as a calming signal. However, others say it was simply a classic profit-taking correction after prices ran too hot. While short-term movements remain turbulent, many analysts forecast a continued upward trajectory for precious metals over the medium term as dollar weakness and central bank demand persist.
Al Jazeera
