Gold and silver prices rose Friday as tensions between the United States and Iran escalated. Traders turned to safe-haven assets to protect their investments.
Gold traded near $5,000 per ounce, up about 0.5–0.6% in 24 hours. The metal approached a key resistance level, and analysts said a small gain could push it toward its all-time high.
Silver also climbed, reaching the upper $70s. It broke out of a triangle pattern in early trading, and traders are watching whether current levels will hold as support for further gains.
Bitcoin traded near $67,900, up roughly 1% in 24 hours. The cryptocurrency faces technical pressure within a bear-pennant pattern. Analysts said holding key support is important to avoid further declines.
Weekly charts show Bitcoin’s Stochastic RSI at historically low levels, hinting at a possible price bottom. Observers noted strong buying after dips below support.
The link between traditional safe-haven assets and cryptocurrencies is still debated. Market watchers are closely monitoring how geopolitical events affect both.
Analysts warned that any further escalation between the US and Iran could continue to push investors toward gold and silver. Traders will keep a close eye on these assets and Bitcoin in the coming sessions.
At the time of publication, gold hovered around $5,000 per ounce, silver in the high $70s, and Bitcoin near $67,000. Markets remain cautious amid ongoing geopolitical uncertainty.
