Investment strategist: Weak dollar drives surge in precious metals

Susannah Streeter, Chief Investment Strategist of Wealth Club, wrote that the weakening US dollar is driving gold prices to new highs. Streeter wrote, "In the current turbulent geopolitical environment, it seems like there is no limit to gold at the moment." Streeter said that investors are abandoning the US dollar, making it easier for non-dollar investors to buy gold. She wrote, "The weakening dollar makes precious metals more attractive to buy, as they are priced in dollars." The DXY US dollar index had its worst weekly trading performance last week since May 2025, with a cumulative decline of about 9.3% so far this year. Gold and silver futures both hit record highs in the New York market. Gold futures rose 2% to $5,080.10 per ounce, while silver futures rose 7.6% to $109.075.