Gold and silver prices rose on Saturday, as investors sought safe havens amid rising inflation and geopolitical uncertainty.Gold rose 0.4% to $1,892.95 per ounce, while silver rose 0.6% to $22.28 per ounce.The rise in gold and silver prices comes as investors are becoming more risk-averse amid rising inflation and the ongoing war in Ukraine. Inflation in the United States rose to 8.6% in May, the highest level in 40 years. The war in Ukraine has also caused volatility in the markets, as investors worry about the impact of the conflict on the global economy.Gold and silver are seen as safe haven assets, and their prices tend to rise when investors are looking for assets to protect their wealth. The rise in gold and silver prices could continue in the near term, as investors remain concerned about the global economic outlook.Here are some of the factors that could affect the price of gold and silver in the coming days:
- The outcome of the war in UkraineThe pace of inflation in the United StatesThe performance of the stock marketInvestor sentiment
Investors should carefully monitor these factors before making any investment decisions.In addition to the factors mentioned above, the following could also affect the price of gold and silver:
- Central bank policiesChanges in interest ratesGeopolitical eventsSupply and demand dynamics
It is important to remember that the price of gold and silver is volatile and can fluctuate significantly in the short term. Investors should always do their own research before making any investment decisions.
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