The Breakdown 29

• Gold and silver prices have skyrocketed to record levels, with gold surpassing $5,600 an ounce, driven by investor demand for safe-haven assets in response to global uncertainties.
• Geopolitical tensions, particularly surrounding U.S. foreign policy under President Trump, have caused investors to flock to precious metals as a means of safeguarding their wealth.
• A downturn in the technology sector, highlighted by disappointing earnings from major firms like Microsoft, has further fueled market anxiety, leading to a rush toward gold and silver.
• The surge in precious metal prices is attracting new investors, especially in Asia, where residents are opting for silver as a more accessible alternative amidst gold's rising costs.
• Record-breaking gains in both metals reflect heightened consumer interest, with silver recently hitting $120 per ounce and predictions suggesting it may climb even higher.
• Economists anticipate that ongoing geopolitical instability and economic concerns will continue to prop up precious metal prices, prompting sustained investment in these assets.