Gold futures ( GC=F) touched fresh records, rising as much as 0.8% to hover near highs of $2,750 per ounce. Silver futures ( SI=F) gained more than 3% before paring gains, briefly topping $34 per ounce, the highest level in 12 years.

Gold will likely remain in focus this week after climbing to a record high above $2,700 on Friday, with the commodity opening above this closely watched level on Sunday evening. The yellow metal has received a boost in recent trading sessions from escalating tensions in the Middle East,

Gold futures may rise to average $3,000 an ounce in the fourth quarter of 2025, Commonwealth Bank of Australia analyst Vivek Dhar said in a note on Monday.