Gold & Silver Surge to Record Highs
Update: 2025-12-22
Description
Gold and silver prices surged to new peaks on Wednesday, driven by anticipation of interest rate cuts from major central banks and global unrest. Spot gold rose 1.3% to $2,414.29 per ounce, while silver leapt 2.8% to $29.80 per ounce, marking decade-high levels. Dovish signals from the U.S. Federal Reserve and other central banks, along with geopolitical tensions, are fueling demand for these metals as safe havens. Central banks are also accumulating gold reserves, and silver is gaining from its industrial applications in solar panels and electric vehicles. Prices are expected to remain elevated due to these macro trends and global events, but short-term fluctuations are likely as new data and news emerge.
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