Gold prices are approaching the $5,000 mark, reaching a record high of $4,967 per ounce, driven by political tensions and global uncertainties. Since the beginning of the year, gold has increased nearly 15%, with a 65% rise in 2025—the strongest annual increase since 1979, mainly fueled by geopolitical conflicts. Silver also hit new records, trading at $99.38 per ounce, just below $100, and has seen a 38% rise this year, partly due to its industrial applications in AI, robotics, and energy. The recent surge in gold prices is attributed to tensions involving Iran, US-China trade disputes, and US President Donald Trump's recent tariffs threats against European countries over Greenland. Although Trump withdrew the tariffs, market anxiety persisted, causing prices to climb again. The US dollar's weakness and central bank purchases further support gold's rise, with increased investor demand as a safe haven amid inflation fears and high national debts. Silver's demand has been notably strong, with its price up 150% in 2025 and continuing to rise, benefiting both as a safe investment and an industrial metal. Meanwhile, the German stock index DAX remained relatively flat, closing almost unchanged at 24,901 points after a week of decline due to the US-European dispute over Greenland. Investor focus shifted towards peace negotiations between Ukraine and Russia, with direct talks starting in Abu Dhabi, mediated by the US, indicating ongoing geopolitical uncertainties. Overall, political conflicts, trade tensions, and geopolitical risks continue to boost demand for precious metals, maintaining high prices for gold and silver, while stock markets show little movement.