Gold & Silver Surge to Record Highs: Perfect Storm of Factors
Update: 2025-12-22
Description
Gold and silver prices soared to unprecedented heights on Wednesday, fueled by anticipation of interest rate cuts and global unrest. Spot gold surged by 1.3% to $2,414.29 per ounce, while silver leapt by 2.8% to $29.80 per ounce, marking a decade-high. Analysts attribute this surge to dovish signals from central banks, making gold and silver more attractive than bonds or savings accounts. Geopolitical tensions, such as the war in Ukraine and Middle East conflicts, are further bolstering their safe-haven status. Central banks worldwide have been increasing their gold purchases to safeguard against currency fluctuations and economic instability. Silvers price is also driven by its safe-haven appeal and burgeoning industrial demand, particularly in solar panels and electric vehicles. Experts predict that prices will remain high due to this confluence of macro trends and global events, despite potential short-term volatility.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
