Gold, Silver Skyrocket as Rates Cut, Geopolitical Tensions Rise
Update: 2025-12-22
Description
Gold and silver prices surged to new highs on Wednesday, fueled by anticipation of rate cuts from major central banks and global unrest. Spot gold rose 1.1% to $2,450.70, while U.S. gold futures climbed 1.3% to $2,454.20. Silver soared 2.8% to $32.54, a level not seen in over a decade. Analysts attribute this surge to speculation of rate cuts and geopolitical tensions, making gold and silver more attractive as safe havens. Other precious metals had mixed movements, with platinum ticking up 0.2% and palladium dropping 1.3%. As markets await rate decisions and global developments, gold and silver are expected to remain in the limelight.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
