Geopolitical tensions reignite safe-haven demand for precious metals. Following Israel's escalation against Iran and the assassination of Iran's Supreme Leader, gold and silver are experiencing renewed buying pressure as investors flee to defensive assets. Gold is trading in the $5,300-$5,500 range with strong upward momentum, while silver has recovered to the $91-$96 zone after a dramatic 27% correction in January. Analysts suggest a sustained breakout above key resistance levels could push gold toward fresh record highs above $5,600 and silver toward $110-$115. The closure of the Strait of Hormuz remains a critical risk factor driving crude prices higher and equity market uncertainty. Expert consensus indicates gold serves as the finest barometer of global uncertainty, with expectations for repricing to record levels as geopolitical risks intensify.
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