Gold and silver prices have soared due to heightened geopolitical tensions in the Middle East and uncertainty surrounding the US election. Gold has surged to an unprecedented $US2700 an ounce, marking a 31% rise this year. The Australian gold price also hit a record high, exceeding $4000 an ounce. West African Resources (ASX: WAF) saw its shares rise 5.5% to $1.68, while Bellevue Gold (ASX: BGL) climbed 4.9% to $1.54, and Emerald Resources (ASX: EMR) advanced 4.1% to $4.37. Silver has followed suit, reaching its highest level since 2012, with a year-to-date increase of over 30%.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
