Driven by the tense geopolitical situation, the price of gold and silver futures continues to rise, and the appeal of safe-haven assets has further increased. The US military attacked the extremist group “Islamic State” in Nigeria and chased an uncontrolled tanker in the Atlantic Ocean. Meanwhile, the US dollar continued to weaken after losing some of its safe-haven properties in recent months. Silver futures were $75.07 per ounce, 79% higher than the 200-day EMA, the highest premium level since 1980; gold futures were reported at $4561.20 per ounce, 26% higher than the 200-day EMA, the biggest deviation since October.

Driven by the tense geopolitical situation, the price of gold and silver futures continues to rise, and the appeal of safe-haven assets has further increased. The US military attacked the extremist group “Islamic State” in Nigeria and chased an uncontrolled tanker in the Atlantic Ocean. Meanwhile, the US dollar continued to weaken after losing some of its safe-haven properties in recent months. Silver futures were $75.07 per ounce, 79% higher than the 200-day EMA, the highest premium level since 1980; gold futures were reported at $4561.20 per ounce, 26% higher than the 200-day EMA, the biggest deviation since October.