Gold & Silver Hit Record Highs: Why?

Gold and silver prices surge to record highs, driven by anticipation of interest rate cuts and escalating global tensions. Spot gold reaches $2,414.29 per ounce, while silver soars to $29.80 per ounce, marking a decade-high. Central banks reserve purchases and industrial demand bolster silvers appeal, while geopolitical risks fuel safe-haven demand for both metals. Despite potential short-term volatility, prices are expected to remain elevated amidst these multifaceted influences.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.