Amid rising global tensions, prices for gold, silver, copper, and tin have reached record levels. This is reported by the Financial Times.
According to the publication, the rise in quotes is driven by investors' concerns about possible U.S. military intervention in Iran and issues related to the independence of the Federal Reserve System.
On Wednesday, the price of gold increased by 1.1 percent, reaching $4,641 per troy ounce. Since the beginning of the year, the price of this metal has risen by eight percent, and it has doubled over the past two years. Silver has surpassed the $90 mark for the first time in history, rising six percent to $92.24 per ounce.
The markets for industrial metals have also recorded historic highs: the price of copper reached $13,407 per ton, while tin reached $54,760.
Helen Amos, an analyst at Bank of Montreal, emphasized that the simultaneous rise of four metals has not been observed in the last two decades. She noted that such a rapid increase in prices, especially for silver, tin, and copper, raises concerns among institutional investors.
