NEW YORK, Jan 15: Gold, silver, and copper prices surged to fresh record highs on Wednesday as an explosive rally swept global metals markets, driven by geopolitical tensions, supply concerns, and strong demand for safe‑haven and industrial assets, according to market reports.

Gold futures climbed above $4,600 per troy ounce, extending gains in the first weeks of January as traders increasingly hedged against geopolitical risk and uncertainty over monetary policy. Silver topped $90 an ounce for the first time, pushing its total market value past $5 trillion, while copper reached unprecedented levels above $6 per pound in the United States and over $13,000 per ton in London.

Analysts attributed the broad rally to a confluence of factors, including ongoing geopolitical developments, concerns about Federal Reserve independence, and tightening supply conditions for key industrial metals, highlighting a growing shift in investor preference toward hard assets.

Investors and strategists said that elevated volatility and global tensions had boosted safe‑haven demand for gold and silver, while industrial metals such as copper benefited from supply deficits and rising demand linked to technology, infrastructure, and energy transitions.

Market forecasts remain mixed, with some analysts predicting continued upside in precious metals prices in the coming months, while others warn of potential corrections if macroeconomic or policy risks ease.

The ongoing rally underscores heightened investor focus on metals amid broader shifts in financial markets and global economic uncertainty.