Gold and silver rise as investors seek safety amid U.S. policy jitters

Gold hovered near US$5,100 after an all-time high and silver also hit fresh records as safe-haven demand rose; market attention is on a Federal Reserve meeting this week expected to hold rates steady.

Gold and silver rose as investors sought safety amid uncertainty linked to U.S. policy. Spot gold was trading just below US$5,100 per ounce after reaching a record the previous session. The article reports that tariff comments by U.S. President Donald Trump, concerns about tensions with Iran, expectations of U.S. rate cuts, and central bank purchases have supported demand for precious metals. Key details: - Spot gold was US$5,092.09 per ounce and hit an all-time high of US$5,110.50 on Monday. - Spot silver was US$112.57 per ounce after a record US$117.69, and is up more than 50% so far in 2026. - The article reports President Trump said he would raise tariffs on autos and other goods from South Korea, and a U.S. official said Washington is "open for business" if Iran seeks contact. - Market attention is on the Federal Reserve policy meeting starting Tuesday, where rates are expected to be held steady and news on Chair Jerome Powell's replacement is awaited. Summary: The article reports that precious metals have climbed as safe-haven demand increased amid U.S. policy uncertainty and geopolitical concerns. Market focus now turns to the Fed meeting this week, which is expected to hold interest rates steady while observers await announcements regarding the Federal Reserve chair.