Market News
Why gold and silver just surged to fresh all-time highs - BUSINESS INSIDER
- Gold and silver spiked to records on Monday. Copper also jumped to new highs.
- The latest rise in gold and silver has been driven by a cocktail of macro and geopolitical developments.
- Copper, which moves with silver and gold, is also seen as a play on the AI boom.
2025 has been a wild year for metals, and the ride continued on Monday with fresh highs in gold, silver, and copper.
All three metals jumped to start the short holiday week, putting the commodities on track for stellar returns this year as investors seek out defensive investments, anticipate more rate cuts, and look for AI-exposed nvestments beyond the most expensive tech stocks.
Gold prices ticked higher by more than 1.5%, climbing past $4,450 an ounce for the first-ever time. The metal is up 67% year-to-date, putting it on track for its best annual rise since 1979.
Silver prices climbed 2% to a record $69 an ounce. The metal is up 130% year-to-date, also putting it on track for its best year since 1979.
Copper rose 1% to trade near $12,000 a ton, a record high. The metal is up 40% for the year, marking its best-ever return since the Great Financial Crisis, according to an analysis from Rosenberg Research.
