Gold prices in global commodity markets have approached $4,600, APA-Economics reports.
Prices for precious and industrial metals have increased across global markets.
On the Comex exchange, June gold futures rose by $158.30, or 3.57%, to $4,592.40 per ounce. In the spot market, gold prices increased by $83.17, or 1.86%, reaching $4,558.68 per ounce.
At the same time, May silver futures (Comex) climbed by $3.97, or 5.71%, to $73.54 per ounce. May copper futures rose by $7.60, or 1.39%, reaching $553.10.
Additionally, spot platinum prices increased by $33.60, or 1.74%, to $1,964.67 per ounce.
Analysts say the price surge is mainly driven by investors shifting away from riskier assets toward safer-haven precious metals, as well as ongoing global geopolitical tensions.
