"Gold climbed to $4,603.87 while silver reached $84.69, as investors piled into traditional safe-haven assets amid rising geopolitical tension involving Iran, fears of potential US military action, and fresh instability in Washington following the launch of a criminal probe into US Federal Reserve chair Jerome Powell. While the rally has captured the attention of global markets, industry specialists say the price spike is creating tangible opportunities for everyday individuals, not just professional investors."
"If you already own gold or silver, whether physical or digital, these levels give you choices. You can sell and lock in a profit, or even use what you own as security for a short-term loan without having to part with it permanently. It's also well worth checking drawers and jewellery boxes. Old, broken or unwanted jewellery can be worth far more than people expect at today's prices. And if you're unsure whether something is real gold, it can usually be tested and valued by carat at no cost."
Gold reached $4,603.87 and silver $84.69 as investors moved into traditional safe-haven assets amid rising geopolitical tension involving Iran, fears of potential US military action, and instability in Washington after a criminal probe into Federal Reserve chair Jerome Powell. The price surge creates practical opportunities for people who already own gold or silver. Owners can sell to lock in profits or use metals as collateral for short-term loans without permanent disposal. Old, broken or unwanted jewellery can be unexpectedly valuable and can often be tested and carat-valued at no cost. Well-bought second-hand gold or platinum jewellery can combine enjoyment with long-term value, and many UK items under £6,000 face no capital gains tax while Sovereign coins are exempt.
Read at Business Matters
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