The recent rise in prices for gold, silver, copper, and tin has led to new historical highs, which is linked to the worsening global situation. This is reported by the Financial Times.
According to the publication, investors are concerned about the potential military intervention of the U.S. in Iran and issues regarding the independence of the Federal Reserve System, which has fueled the rise in quotations.
On Wednesday, the price of gold increased by 1.1 percent, reaching $4,641 per troy ounce. Since the beginning of the year, the value of this metal has risen by eight percent, and over the past two years, it has doubled. Silver also set a new record, surpassing the $90 mark for the first time, increasing by six percent to $92.24 per ounce.
Industrial metals also drew attention, with the price of copper reaching $13,407 per ton, and tin at $54,760.
Helen Amos, an analyst at Bank of Montreal, noted that the simultaneous rise in prices for the four metals has not been observed in the last 20 years. She emphasized that the rapid increase, especially in silver, tin, and copper, raises concerns among institutional investors.
