Gold futures surged above $5,300 per ounce before easing due to a weak dollar, driving investors to hard assets. The dollar stabilized after President Trump dismissed concerns. Bullion prices have risen 20% this year, fueled by dollar weakness and expectations of easier Fed policy. Geopolitical tensions and central bank demand are also supporting the rally.

Silver hit $112 per ounce, up 48% this year, fueled by Chinese demand and export restrictions. Platinum near record highs, gaining 29%, while copper prices remained steady after topping $13,000. President Trump threatened military action against Iran, urging negotiations. The Federal Reserve is expected to maintain interest rates unchanged.

Read more at Yahoo Finance: Gold tops $5,300 as weak dollar ‘supercharges’ rally