Breaking: Silver Tops $38 for First Time Since 2011 
Gold experienced a significant rally following Israel’s military strikes on Iranian nuclear sites, with prices jumping as much as 1.7% before moderating. Prime Minister Netanyahu vowed to continue operations until the “threat” is eliminated, while Iran responded with drone attacks and promises of severe retaliation, including potential action against U.S. targets despite America’s non-involvement.
The precious metal, trading around $80 below its April record of $3,500.10 per ounce, has gained 30% year-to-date. This impressive performance reflects multiple factors: hedge-seeking against President Trump’s trade policies, ongoing Ukraine tensions, and robust central bank demand. Recent weak U.S. economic data showing muted inflation and rising unemployment claims have also boosted expectations for Federal Reserve rate cuts, further supporting gold prices.
