Gold prices climbed to a fresh record high on Tuesday, rising above the $4,700-per-ounce mark as heightened geopolitical tensions drove investors toward safe-haven assets. Silver also reached an unprecedented level, breaking past $95 an ounce for the first time.
In spot trading, gold advanced 1.6 percent to $4,741.96 an ounce, after earlier touching an all-time peak of $4,750.49. Meanwhile, U.S. gold futures for February delivery posted stronger gains, jumping 3.3 percent to settle at $4,747.60 an ounce.
Silver prices showed mixed movement, with spot silver slipping 0.4 percent to $94.27 an ounce after hitting a record high of $95.87 earlier in the session.
Other precious metals also recorded gains. Platinum rose 2 percent in spot trading to $2,422.05 an ounce, while palladium increased 1.4 percent to $1,866.47 an ounce, reflecting broader strength across the precious metals market.
