Gold & Silver Soar to Record Highs
Update: 2025-12-22
Description
Gold and silver prices surged to new heights on Wednesday, fueled by anticipation of interest rate cuts and global unrest. Spot gold rose 1.1% to $2,450.70 per ounce, while U.S. gold futures climbed 1.3% to $2,454.20. Silver skyrocketed 2.8% to $32.54 per ounce, a level not seen in over a decade. Analysts attribute this surge to growing expectations of rate cuts by the Federal Reserve and other major central banks, making non-yielding assets like gold and silver more appealing. Geopolitical risks are further driving investors towards safe havens, with precious metals historically serving as stores of value during uncertain times. Platinum inched up 0.2% to $1,076.75, while palladium bucked the trend, dropping 1.3% to $1,773.53. As central banks deliberate their next steps and tensions persist, gold and silver show no signs of slowing down, keeping investors on the edge of their seats.
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