Sharjah: Gold prices reached a record high on Sunday, with the price per ounce surpassing the $5,000 threshold. Gold was trading at US$5,026 per ounce, while silver prices had reached US$100 on Friday for the first time in history.
According to Emirates News Agency, this unprecedented surge in gold prices is attributed to increased demand from investors seeking safe-haven assets amidst global economic uncertainties. The rise in silver prices also indicates a significant shift in market dynamics as investors diversify their portfolios.
