Gold & Silver Skyrocket: Safe Havens & Demand Boost
Update: 2025-12-23
Description
Gold and silver prices surged to new highs, driven by anticipation of interest rate cuts and global tensions. Spot gold reached $2,414.29 per ounce, while silver soared to $29.80 per ounce—a decade-high. Central banks dovish stance and demand for precious metals as safe havens, along with silvers growing use in solar panels and electric vehicles, are fueling this bullish trend. Analysts predict prices will remain elevated, but expect volatility due to incoming economic reports and global events.
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