Gold Breaks Through $4,700 on Weaker Dollar, Safe-Haven Buying

Group 1 - Gold prices surpassed $4,700 for the first time, driven by a weaker dollar and renewed trade tensions, leading to increased demand for safe-haven assets [1] - New York futures rose by 2.9% to $4,725.80 per troy ounce, with an earlier peak of $4,731.30 during the session [1] - The dollar index decreased by 0.7% to 98.70, making gold more affordable for buyers using other currencies [1] Group 2 - Silver prices increased by 6.7% to $94.45 per ounce, reflecting a broader trend in precious metals [1] - Geopolitical uncertainty and concerns over central-bank independence have unsettled investors, prompting a shift towards precious metals after a strong performance in the previous year [2]