Gold & Silver Surge to Record Highs
Update: 2025-12-22
Description
Gold and silver prices soared to unprecedented heights on Wednesday, driven by anticipation of interest rate cuts and geopolitical unrest. Spot gold surged 1.3% to $2,414.29 per ounce, while silver leapt 2.8% to $29.80 per ounce. Analysts attribute the surge to dovish Fed hints, making gold and silver more attractive than bonds or savings accounts. Geopolitical tensions and central banks gold reserves acquisition are also fueling demand. Silvers dual role as a precious and industrial metal, bolstered by growing demand for solar panels and electric vehicles, further boosts its appeal. Prices are expected to remain high amidst economic uncertainty, with occasional fluctuations due to new reports and global events.
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