Gold and silver set new records: how much do precious metals cost?
12 January 13:03
On Monday, January 12, gold and silver prices soared to record highs. The reasons for this are protests in Iran and the struggle of the Federal Reserve System.
This was reported by "Komersant Ukrainian" with reference to Bloomberg.
Gold reached $4,600 per ounce, and silver reached $84.6090, marking an almost 6% jump in one day. The white metal rose by almost 150% in 2025 after a historic short squeeze on the spot market.
Experts explain that the precious metals market reacted to Fed Chairman Jerome Powell’s statements about possible charges against the system and constant political pressure on the bank.
Following his comments, the dollar weakened and the yield on 10-year US Treasury bonds rose slightly, prompting investors to seek “safe havens” in the form of gold and silver.
Deadly protests in Iran further increased demand for precious metals as a safe-haven asset.
The rise in silver prices was also supported by a market shortage caused by high investment demand and a reduction in industrial stocks.
“We see the silver market deficit continuing through 2026, mainly due to higher investment demand,” analysts explained.
In addition, traders are awaiting the results of the Section 232 investigation, which could lead to the imposition of US tariffs on silver, platinum, and palladium.
