Gold & Silver Surge: Fed's Rate Cuts Boost Precious Metals
Update: 2025-12-12
Description
Gold prices remain stable following three days of gains, driven by anticipation of further US interest rate cuts. Silver also thrives, nearing a record high. Bullion, valued at approximately $4,285 per ounce, is poised for a weekly increase of over 2%. Federal Reserve officials hint at potential rate cuts next year, benefiting precious metals as they dont yield interest. The Feds plan to buy $40 billion in Treasury bills monthly further supports gold prices. Both gold and silver have seen remarkable growth this year, with gold up over 60% and silver more than doubling in value. Experts predict golds upward trend will persist, despite potential temporary dips due to inflation, as the Federal Reserves supportive stance continues.
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