Amid Ceasefire Push, Palestinians Released from Israeli Jails Bear Mental, Physical Scars

A combination image shows Palestinian Moazaz Obaiyat in an undated handout image as he trains in a gym, prior to his arrest, near Bethlehem and Obaiyat in a screengrab from video, as he walks after being released from an Israeli jail, near Hebron in the Israeli-occupied West Bank, July 8, 2024. Saddam Obaiyat/Handout and REUTERS TV/File photo
A combination image shows Palestinian Moazaz Obaiyat in an undated handout image as he trains in a gym, prior to his arrest, near Bethlehem and Obaiyat in a screengrab from video, as he walks after being released from an Israeli jail, near Hebron in the Israeli-occupied West Bank, July 8, 2024. Saddam Obaiyat/Handout and REUTERS TV/File photo
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Amid Ceasefire Push, Palestinians Released from Israeli Jails Bear Mental, Physical Scars

A combination image shows Palestinian Moazaz Obaiyat in an undated handout image as he trains in a gym, prior to his arrest, near Bethlehem and Obaiyat in a screengrab from video, as he walks after being released from an Israeli jail, near Hebron in the Israeli-occupied West Bank, July 8, 2024. Saddam Obaiyat/Handout and REUTERS TV/File photo
A combination image shows Palestinian Moazaz Obaiyat in an undated handout image as he trains in a gym, prior to his arrest, near Bethlehem and Obaiyat in a screengrab from video, as he walks after being released from an Israeli jail, near Hebron in the Israeli-occupied West Bank, July 8, 2024. Saddam Obaiyat/Handout and REUTERS TV/File photo

Once muscular and strong, Palestinian bodybuilder Moazaz Obaiyat’s nine-month spell in Israeli custody left him unable to walk unaided upon his release in July. Then, in an October pre-dawn raid on his home, soldiers detained him again.

Before being re-arrested, the 37-year-old father of five was diagnosed with severe PTSD by Bethlehem Psychiatric Hospital, related to his time at Israel's remote Ktz'iot prison, according to medical notes seen by Reuters from the hospital, a public clinic in the occupied West Bank.

The notes said Obaiyat was subjected to "physical and psychological violence and torture" in prison and described symptoms including severe anxiety, withdrawal from his family and avoidance of discussion of traumatic events and current affairs. Alleged abuses and psychological harm to Palestinian detainees in Israeli prisons and camps are in renewed focus amid stepped-up efforts in December by international mediators to secure a ceasefire that could see the release of thousands of inmates detained during the Gaza war and before, in return for Israeli hostages held by the Palestinian group Hamas in Gaza.

In the event of the release of detainees in any future deal, many “will require long-term medical care to recover from the physical and psychological abuse they have endured,” said Qadoura Fares, head of the Palestinian Commission for Detainees and Ex-Detainees Affairs, a government body in the West Bank. Fares said he was aware of Obaiyat’s case.

For this story, Reuters spoke to four Palestinian men detained by Israel since the war’s outbreak after the Hamas attacks of Oct. 7, 2023. All were held for months, accused of affiliating with an illegal organization, and released without being formally charged or convicted of any crime.

All described lasting psychological scars they attributed to abuses including beatings, sleep and food deprivation and prolonged restraint in stress positions during their time inside. Reuters could not independently verify the conditions in which they were held.

Their accounts are consistent with multiple investigations by human rights groups that reported grave abuses of Palestinians in Israeli detention. An investigation published by the United Nations human rights office in August described substantiated reports of widespread "torture, sexual assault and rape, amid atrocious inhumane conditions" in prisons since the war began. The UN office has also said Hamas' Oct. 7 attacks could amount to war crimes and crimes against humanity.

The White House has called the reports of torture, rape and abuse in Israel's prisons “deeply concerning.”

In response to Reuters questions, the Israeli military said it was investigating several cases of alleged abuse of Gazan detainees by military personnel but “categorically” rejected allegations of systematic abuse within its detention facilities. The military declined to comment on individual cases. The Israel Prison Service (IPS), which falls under hard-right national security minister Itamar Ben-Gvir, and the country's internal security service said they were not in a position to comment on individual cases.

“Terrorists in Israeli prisons are granted supervised living conditions and accommodations appropriate for criminals,” Ben Gvir’s office said in response to Reuters questions, adding that the facilities operate in accordance with the law. "The 'summer camp' is over," Ben Gvir's office said.

Tal Steiner, executive director of the Israeli rights group Public Committee Against Torture in Israel (PCATI), said the symptoms the men recounted were common and can echo through victims’ lifetimes, often shattering their families.

"Torture in Israeli prisons has exploded since October 7. It will have and already has had a devastating effect on Palestinian society," said Steiner.

Speaking from his hospital bed in July, a severely emaciated Obaiyat called the treatment of himself and fellow prisoners "disgusting," showing scars on his wasted legs and describing isolation, hunger, handcuffs and abuse with metal rods, without giving details.

Photos of Obaiyat taken before his incarceration show a powerfully-built man.

On Dec. 19, Israel’s High Court ordered the state to answer a petition brought by rights groups about the lack of adequate food for Palestinian prisoners. Israel has also reported mistreatment of some of the 251 of its citizens taken captive to Gaza after the Hamas attacks. A report by the Israeli Health Ministry, published on Saturday said hostages were subjected to torture, including sexual and psychological abuse. Hamas has repeatedly denied abuse of the hostages.

WITHOUT CHARGE

Obaiyat is currently being held in a small detention center in Etzion, south of Bethlehem, according to the Palestinian Prisoners’ Club, an advocacy group.

He is being held for six months under "administrative detention", a form of incarceration without charge or trial, and the official reason for his arrest is unknown, the group said. Israel’s military, internal security service and prison service did not respond to questions about his specific case.

PCATI said at least 56 Palestinians had died in custody during the war, compared to just one or two annually in the years preceding the conflict. Israel’s military said it launches criminal investigations of all deaths of Palestinians in its custody.

Palestinian prisoner numbers have at least doubled in Israel and the West Bank to more than 10,000 during the war, PCATI estimates, based on court documents and data obtained through freedom of information requests.

Through the course of the war, around 6,000 Gazans have been incarcerated, the Israeli military said in response to a query from Reuters.

Unlike Palestinians from the West Bank who are held under military law, Palestinians from Gaza are held in Israel under its Unlawful Combatants Law.

The law has been used to hold people incommunicado, deny them their rights as prisoners of war or as prisoners under military occupation, and incarcerate them for extended periods without charge or trial, according to Professor Neve Gordon, an Israeli scholar who specialises in human rights and international law at London's Queen Mary University.

The Palestinian Prisoners’ Club likened the detentions to forced disappearance. Israel's prison service declined to comment on prisoner numbers and deaths.

SDE TEIMAN CAMP

Fadi Ayman Mohammad Radi, 21, a former engineering student from Khan Younis, Gaza, was one of a couple dozen Palestinians released at the Kerem Shalom crossing into Gaza on Aug. 20.

Radi described struggling to stretch out his limbs after being cuffed and chained for four months at Israel's Sde Teiman military detention camp, officially a temporary prisoner sorting facility.

"They didn't interrogate us, they destroyed us," said Radi.

Located in the Negev desert, Sde Teiman has been the site of grave abuses including rape, according to allegations by whistleblowers among the camp’s guards.

Israel is currently investigating what the UN called "a particularly gruesome case" of alleged sexual abuse at Sde Teiman in which five soldiers are accused of anally penetrating a detainee with a rod that punctured his internal organs.

Radi said he was beaten repeatedly and arbitrarily, permanently restrained and blindfolded, hung up in stress positions and forced to sit on the floor almost constantly without moving.

At one point, he said he was deprived of sleep for five consecutive days in a space he said Israeli soldiers called the ‘disco room,' subjected to loud music. He did not describe sexual violence.

Radi said he found it difficult to sleep and that even talking about his ordeal made him relive it.

"Every time I say the words, I visualise the torture,” said Radi, who was arrested by Israeli soldiers in Gaza on March 4.

Reuters could not independently verify his story. The Israeli military said it was unable to comment, saying it could not find Radi's files because Reuters was unable to provide his ID number.

Despite a government decision to phase out Sde Teiman, the camp is still operational, PCATI said.

OFER AND KTZ’IOT

Widespread abuses have also been reported at more established facilities, such as the Ktz’iot prison, also in the Negev, and Ofer military camp, south of Ramallah in the West Bank.

After collating evidence and testimony from 55 former Palestinian prisoners, Israeli rights group B'Tselem earlier this year released a report accusing Israel of deliberately turning the prison system into a 'network of torture camps'.

Using emergency legislation introduced after the Oct. 7 attack on Israel by Hamas, Ben Gvir, the hardline minister, ordered conditions be downgraded for 'security prisoners', a category almost entirely comprising Palestinians.

Human rights scholar Gordon likened what he said was the use of torture in Israel's prisons to terrorism.

"Terrorism usually is an act that's limited in the number of people directly impacted, but the psychosocial effect is dramatic. It’s the same with torture," said Gordon, who co-edited a book on abuses in the Israeli prison system.



What Lies Ahead for Ukraine’s Contested Zaporizhzhia Nuclear Power Plant?

A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
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What Lies Ahead for Ukraine’s Contested Zaporizhzhia Nuclear Power Plant?

A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)

The Zaporizhzhia nuclear power plant, Europe's largest, is one of the main sticking points in US President Donald Trump's peace plan to end the nearly four-year war between Russia and Ukraine. The issue is one of 20 points laid out by Ukrainian President Volodymyr Zelenskiy in a framework peace proposal.

Here are some of the issues regarding the facility:

WHAT ROLE MAY THE US PLAY?

Russia took control of the plant in March 2022 and announced plans to connect it to its power grid. Almost all countries consider that it belongs to Ukraine but Russia says it is owned by Russia and a unit of Russia's state-owned Rosatom nuclear corporation runs the plant.

Zelenskiy stated at the end of December that the US side had proposed joint trilateral operation of the nuclear power plant with an American chief manager.

Zelenskiy said the Ukrainian proposal envisages Ukrainian-American use of the plant, with the US itself determining how to use 50% of the energy produced.

Russia has considered joint Russian-US use of the plant, according to the Kommersant newspaper.

WHAT IS ITS CURRENT STATUS?

The plant is located in Enerhodar on the banks ‌of the Dnipro River and ‌the Kakhovka Reservoir, 550 km (342 miles) southeast of the capital Kyiv.

The Zaporizhzhia nuclear power plant has ‌six ⁠Soviet-designed reactors. They were ‌all built in the 1980s, although the sixth only came online in the mid-1990s after the collapse of the Soviet Union. It has a total capacity of 5.7 gigawatts, according to an International Atomic Energy Agency (IAEA) database.

Four of the six reactors no longer use Russian nuclear fuel, having switched to fuel produced by then-US nuclear equipment supplier Westinghouse.

After Russia took control of the station, it shut down five of its six reactors and the last reactor ceased to produce electricity in September 2022. Rosatom said in 2025 that it was ready to return the US fuel to the United States.

According to the Russian management of the plant, all six reactors are in "cold shutdown."

Both Russia and Ukraine have accused each other of striking the nuclear plant and of severing power lines to the plant.

The plant's equipment is powered by ⁠electricity supplied from Ukraine. Over the past four years these supplies have been interrupted at least eleven times due to breaks in power lines, forcing the plant to switch to emergency diesel generators.

Emergency generators ‌on site can supply electricity to keep the reactors cool if external power lines are cut.

IAEA ‍Director General Rafael Grossi says that fighting a war around a nuclear ‍plant has put nuclear safety and security in constant jeopardy.

WHY DOES RUSSIA WANT ZAPORIZHZHIA PLANT?

Russia has been preparing to restart the station but ‍says that doing so will depend on the situation in the area. Rosatom chief Alexei Likhachev has not ruled out the supply of electricity produced there to parts of Ukraine.

Oleksandr Kharchenko, director of the Energy Research Center in Kyiv, said Moscow intended to use the plant to cover a significant energy deficit in Russia's south.

"That's why they are fighting so hard for this station," he said.

In December 2025, Russia's Federal Service for Environmental, Technological and Nuclear Supervision issued a license for the operation of reactor No. 1, a key step towards restarting the reactor.

Ukraine's energy ministry called the move illegal and irresponsible, risking a nuclear accident.

WHY DOES UKRAINE NEED THE PLANT?

Russia has been pummeling Ukraine's energy infrastructure for months and some areas have had blackouts during winter.

In recent ⁠months, Russia has sharply increased both the scale and intensity of its attacks on Ukraine's energy sector, plunging entire regions into darkness.

Analysts say Ukraine's generation capacity deficit is about 4 gigawatts, or the equivalent of four Zaporizhzhia reactors.

Kharchenko says it would take Ukraine five to seven years to build the generating capacity to compensate for the loss of the Zaporizhzhia plant.

Kharchenko said that if Kyiv regained control of the plant, it would take at least two to three years to understand what condition it was in and another three years to restore the equipment and return it to full operations.

Both Ukrainian state nuclear operator Energoatom and Kharchenko said that Ukraine did not know the real condition of the nuclear power plant today.

WHAT ABOUT COOLING FUEL AT THE PLANT?

In the long term, there is the unresolved problem of the lack of water resources to cool the reactors after the vast Kakhovka hydro-electric dam was blown up in 2023, destroying the reservoir that supplied water to the plant.

Besides the reactors, there are also spent fuel pools at each reactor site used to cool down used nuclear fuel. Without water supply to the pools, the water evaporates and the temperatures increase, risking fire.

An emission of hydrogen from a spent fuel pool caused an explosion in Japan's Fukushima nuclear disaster in ‌2011.

Energoatom said the level of the Zaporizhzhia power plant cooling pond had dropped by more than 15%, or 3 meters, since the destruction of the dam, and continued to fall.

Ukrainian officials previously said the available water reserves may be sufficient to operate one or, at most, two nuclear reactors.


Egypt, Trump Reaffirm Strategic Alliance in 2025 amid Regional Turmoil

Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
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Egypt, Trump Reaffirm Strategic Alliance in 2025 amid Regional Turmoil

Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)

After months of speculation over the trajectory of Egyptian-US relations, fueled by persistent talk of strain and an impending rift, a high-level meeting between President Donald Trump and President Abdel Fattah al-Sisi in Sharm el-Sheikh reaffirmed the resilience of the strategic alliance between Cairo and Washington, even as the region remains in turmoil.

The meeting followed a turbulent period marked by Trump’s adoption of a proposal to relocate Gaza’s population, an idea firmly rejected by Sisi and one that prompted warnings of a diplomatic crisis between the two longtime allies.

The subsequent signing of a Gaza peace agreement in Sharm el-Sheikh sent a clear signal that, despite sharp disagreements over policy, the foundations of the bilateral relationship remain intact.

Early in Trump’s second term, media reports said Sisi had scrapped plans to visit Washington. As the year draws to a close, speculation has said that the visit may happen. Trump has acknowledged Sisi as a friend and said he would be happy to meet him as well.

Trump’s election victory late last year raised Egyptian hopes of strengthening the strategic partnership. Sisi voiced that expectation in a congratulatory post on X, stating that he looked forward to working together with Trump to achieve peace, preserve regional peace and stability, and strengthen the strategic partnership.

Those hopes were tested when Trump floated a plan to “clean out Gaza” and relocate its residents to Egypt and Jordan. Cairo rejected the idea outright, mobilized international opposition, unveiled an alternative plan for Gaza’s reconstruction and hosted an emergency summit on the issue in March.

Limited public engagement

David Butter, a research fellow in the Middle East and North Africa program at Chatham House, noted that the striking feature of Egypt-US ties over the past year has been their low public profile.

Aside from Trump’s appearance in Sharm el-Sheikh, there was not much happening in the open, he told Asharq Al-Awsat.

Amr Hamzawy, an Egyptian political scientist and director of the Middle East program at the Carnegie Endowment for International Peace, described the first year of Trump’s second term as difficult for bilateral relations.

He said it began with talk of displacement and a “Middle East Riviera” in Gaza, but Egyptian diplomacy succeeded in shifting the trajectory.

Trump’s peace plan, he said, ultimately signaled rejection of displacement and spoke of security and political tracks for Gaza and a broader political process for the Palestinian issue, though details remain unclear.

Hamzawy added that the year opened from a tough starting point that followed what he called President Joe Biden’s hesitant stance on Gaza, when displacement was first discussed.

After nearly a year of Egyptian political and diplomatic effort, he said, displacement dropped from Washington’s agenda, even if it remains a risk that cannot be ignored.

Historically, Egypt has been a pivotal state for US national security, given its geography, demographic weight and diplomatic role, according to a recent report by the Congressional Research Service.

Gaza, the main test

The Gaza war shaped Egyptian-US relations during Trump’s first year back in office. Washington backed Egyptian-Qatari mediation to halt the war. US Secretary of State Marco Rubio thanked Cairo after a truce was reached between Israel and Hamas in January.

When hostilities resumed, however, Egypt faced complex diplomatic choices with both Washington and Israel. It rejected Trump’s call to resettle Gaza’s population, while its reconstruction plan failed to gain US or Israeli acceptance.

Cairo also drew criticism from Trump for declining to join US strikes against Yemen’s Houthis, the Congressional Research Service (CRS) revealed.

Butter noted that ties with the Trump administration were strained over Gaza after Sisi canceled a Washington visit early in the year, following Trump’s “Middle East Riviera” remarks, which left contacts at a minimum.

He said Trump’s Sharm el-Sheikh visit, the signing of the Gaza agreement and the celebration of his plan’s success offered a chance to reset relations. Egypt, he added, has become indispensable to Trump’s administration in Gaza.

Hamzawy said Gaza dominated the first year of Trump’s term, giving Egypt a chance to restore its standing with US and European decision-makers as a key mediator. Cairo put its vision on the table, he said, shifting US thinking toward parallel security and political tracks and from talk of disarmament to limiting weapons.

Throughout the year, Egypt publicly counted on Trump to end the Gaza war. In July, Sisi urged him in a televised address to press for a halt, saying Trump was capable of doing so.

Analysts Daniel Byman and Jon Alterman wrote in Foreign Policy that Egypt is indispensable to international responses to the Gaza war, even if it remains a difficult partner for Washington and Israel. The conflict, they said, restored diplomatic focus on Egypt and strengthened its leverage.

Sara Kira, director of the European North African Center for Research, said relations in Trump’s second term differ from his first. The earlier term saw broad alignment and personal warmth from Trump, particularly on counterterrorism, she said. The second term has been marked by divergence.

That surfaced in April when Trump called for free passage for US commercial and military vessels through the Suez Canal in exchange for US efforts to protect the waterway.

Positive signals despite differences

Despite disagreements over Gaza, there were positive signs elsewhere. Early in the year, the US State Department froze new funding for most aid programs worldwide, exempting humanitarian food programs and military aid to Israel and Egypt.

Washington did not include Egypt on a travel ban list issued in June. Trump said Egypt was a country with which the United States dealt closely and that things there were under control. Egypt was also spared higher US tariffs. Cairo has repeatedly stressed the depth and resilience of the strategic relationship.

Kira said Egypt exerted maximum pressure to achieve peace and stop the Gaza war, eventually convincing Washington of its approach and reaching a peace agreement in Sharm el-Sheikh. She said Egypt acted pragmatically and astutely, reading Trump’s personality and US interests.

As talks on the second phase of the Gaza agreement stall, Egypt continues to rely on the Trump administration to advance its plan. Cairo remains in contact with Washington and is working with it to prepare a donor conference for Gaza’s reconstruction, which has yet to receive sufficient momentum from the Trump administration.

The dialogue extends beyond Gaza to Libya, Sudan, Lebanon and Iran, as well as water security, led by Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), which Egypt fears could affect its Nile water share.

GERD

In mid-June, Trump stirred controversy in Egypt when he wrote on Truth Social that the United States had “stupidly” funded the dam Ethiopia built on the Blue Nile, triggering a severe diplomatic crisis with Egypt.

In August, the White House released a list of Trump’s foreign policy achievements, which included a purported agreement between Egypt and Ethiopia over the dam.

Trump has repeatedly spoken of his administration’s efforts to resolve the dispute, but those claims have yet to translate into concrete action.

Hamzawy said there is an opportunity for Washington to mediate and revive an agreement reached near the end of Trump’s first term.

Charles Dunne of the Arab Center Washington DC wrote recently that Trump’s stance may please Cairo but could also produce adverse outcomes if Washington does not assume a mediation role.

The United States hosted talks with the World Bank in 2020 during Trump’s first term, but they failed after Ethiopia refused to sign the draft agreement.

Military ties endure

Military cooperation continued largely as usual. Since 1946, the United States has provided Egypt with about $90 billion in aid, with a sharp increase after 1979, which successive administrations have framed as an investment in regional stability, according to the CRS.

For more than a decade, Congress has imposed human rights conditions on part of Egypt’s aid.

Between fiscal years 2020 and 2023, the Biden administration and Congress withheld approximately $750 million in military funding. Trump’s technical annex to the proposed fiscal 2026 budget seeks $1.3 billion in military assistance for Egypt without conditions, the CRS said.

Hamzawy said the administration is far from imposing conditionality, noting that relations rest on mutual interests between a major power and a positively influential middle power.

Since the Gaza war, the Biden and Trump administrations have accelerated US arms sales to Egypt. The State Department notified Congress of military sales totaling $7.3 billion. In July, the Pentagon announced that the State Department had approved the sale of an advanced air defense missile system to Egypt, valued at approximately $4.67 billion. Egypt also hosted the Bright Star military exercises in September.

Kira said ties with Washington are driven by interests and that Cairo has positioned itself as a core regional player.

Hamzawy said Egypt occupies a central place in US Middle East thinking, as Washington needs a spectrum of allies, with Egypt at the heart of that network.


Why Metal Prices are Soaring to Record Highs

A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
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Why Metal Prices are Soaring to Record Highs

A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP

Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply.

Below AFP examines the reasons for the surge in demand.

- Safe havens -

Gold and silver are traditionally seen as safe-haven assets, and demand has soared amid mounting geopolitical tensions, from US President Donald Trump's tariffs onslaught to wars in Ukraine and Gaza, as well as recent pressure by Washington on Caracas.

Investors are also uneasy about rising public debt in major economies and the risk of a bubble in the artificial intelligence sector.

These uncertainties are driving up gold and silver, with other metals now starting to see the impact as investors seek to diversify their portfolios, explained John Plassard, an analyst at Cite Gestion Private Bank.

"Metal is once again becoming insurance rather than just a speculative asset," he told AFP.

- A weak dollar -

Traditional safe havens like the dollar and US Treasuries have become less attractive this year.

Uncertainty around Trump's presidency and the prospect of further Federal Reserve interest rate cuts, have weakened the dollar, reducing its appeal to investors.

As a result, many investors are turning to gold and silver.

Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday, while silver reached a record high of $72 an ounce, with prices up about 2.5 times since January.

A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.

- Fresh demand -

Industrial demand has surged in recent months, driven by the rise of artificial intelligence and the energy transition.

Copper, used for solar panels, wind turbines, electric vehicle batteries and data centers, has seen strong gains as a result.

Prices hit a record on Wednesday, topping $12,000 a ton, helped further by China, the world's largest copper consumer, announcing new measures to boost demand.

Aluminium, a cheaper alternative to copper, and silver are also benefiting from the AI boom and the shift to renewable energy.

Platinum and palladium, used in car catalytic converters, have also risen, reaching a record high and a three-year high respectively, after the European Union decided to allow sales of new internal combustion vehicles beyond 2035.

- Tight supply -

Copper prices have been lifted this year by fears of US tariffs, prompting companies to stockpile ahead of their introduction, with duties imposed on semi-finished products and potentially extending to refined copper.

Supply risks from disruptions at mines in the Democratic Republic of Congo, Chile and Indonesia have added to the price surge.

Physical markets for silver, platinum, and aluminium are also tight.

According to Ole Hansen, an analyst at Saxo Bank, thin holiday trading, which increases volatility, and investor fear of missing out have further amplified the rise at the end of the year.