Gold & Silver Skyrocket Amid Venezuela Tensions, Rate Cuts
Update: 2025-12-22
Description
Gold and silver prices surged to record highs amid escalating tensions in Venezuela and anticipation of US interest rate cuts. Gold reached $4,420 per ounce, a nearly 2% increase, while silver soared to $69.45 per ounce. Investors are flocking to these safe-haven assets due to concerns over US stock and dollar volatility. Gold ETF holdings hit a record high of 3,932 tonnes, worth $530 billion. Analysts predict gold could reach $4,900 and even $5,000 next year, as falling Treasury yields and high government spending in Europe and Japan make bonds less attractive. Demand remains strong, particularly in Asia, where gold is used as collateral for stocks and crypto trades or lent to jewelers.
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