Gold & Silver Skyrocket: Perfect Storm Drives Record Highs
Update: 2025-12-22
Description
Gold and silver prices surged to new peaks on Wednesday, fueled by anticipation of interest rate cuts from major central banks and escalating global tensions. Spot gold rose 1.3% to $2,414.29 per ounce, while silver soared 2.8% to $29.80 per ounce, marking a decade-high. The U.S. Federal Reserves dovish signals and geopolitical unrest in Ukraine and the Middle East are driving investors towards these safe-haven assets. Analysts describe it as a perfect storm, with rate-cut expectations, geopolitical concerns, and robust physical demand propelling prices. Silver, with its dual role as a safe haven and industrial metal, is expected to maintain high demand due to its importance in solar panels and electric vehicles. Despite potential market fluctuations, prices are projected to remain elevated amid the current economic and global climate.
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