On Monday, the price of an ounce of gold in global markets crossed $4,600 for the first time, reaching unprecedented levels.
At the same time, silver jumped 4.1% to $83.20 per ounce, a new all-time high for the precious metal. Platinum rose 3.4%, and palladium rose by the same amount to $1,877.96 per ounce.
On the other hand, analysts believe the significant increase in gold prices is the result of a combination of geopolitical and political factors.
Experts believe that continued geopolitical tensions in the Middle East, along with the weakening dollar and domestic political uncertainties in the United States, will continue to be the main factors supporting high gold and silver prices in the coming days.
