Svmuu News: Hareesh V, Head of Commodities Research at Geojit Investments, stated that escalating geopolitical risks could trigger a surge in demand for precious metals, potentially pushing New York silver futures back above $100 per ounce. Furthermore, the analyst noted that while the possibility of global gold prices rising to $6,000 cannot be ruled out in extreme scenarios, the price trajectory will largely depend on how the conflict unfolds. In the short term, heightened market volatility and safe-haven sentiment are likely to keep investor sentiment supporting gold prices. Jigar Trivedi, Senior Research Analyst at IndusInd Securities, believes that as the U.S. and Israel have launched unprecedented strikes against Iran—escalating tensions in the Middle East and sparking concerns about potential disruptions to global energy supplies—New York gold futures are poised to gain fresh upward momentum driven by safe-haven buying. Since the beginning of the year, persistent geopolitical tensions have been underpinning prices. Gold closed higher last Friday, and the precious metals market is likely to open higher again on Monday. (Jin Shi)