Gold and silver both strengthen, with New York silver futures breaking $89 to hit a record high

【Block Rhythm】The precious metals market is experiencing a strong rally. New York March Silver reached a high of $89/oz on January 13, with an intraday increase of 4.59%, demonstrating sustained bullish momentum. More notably, spot gold broke through the $4630.21/oz mark, setting a new all-time high. Meanwhile, spot silver also surged past $89/oz, with an intraday gain of 4.54%. The simultaneous rise of these two major precious metals reflects the market’s continued demand for safe-haven assets. Against the backdrop of a complex global economic situation, the appeal of precious metals as traditional safe-haven instruments remains undiminished.