Geopolitics push metals to fresh all-time highs

Gold, silver, copper and tin surged to new record highs as geopolitical tensions and concerns about Federal Reserve independence spurred risk-off buying. Gold rose to as high as $4,641 per troy ounce, silver topped $90 per ounce, copper hit about $13,407 per tonne, tin reached roughly $54,760 per tonne, and platinum climbed to about $2,478 per tonne. Analysts say the move is unusually synchronized across metals and largely driven by geopolitical fears and policy uncertainty, with investors watching for potential tariffs and Fed developments.