Gold and silver start the week at new record highs
Gold and silver start the week at new record highs
Expectations of a more accommodative Federal Reserve stance, combined with rising geopolitical risks, pushed gold and silver prices to new record levels at the start of the week.
Gold hits historic highs
Spot gold climbed to $4,410 per ounce, while gram gold rose to 6,070 lira, supported by interest rate cuts, a weaker dollar, and strong safe-haven demand.
Silver at an all-time high
Silver prices jumped more than 3% to $69.45 per ounce, marking the highest level on record.
Drivers behind the surge
Weak U.S. employment data, easing inflation, and expectations of further rate cuts boosted demand for gold and silver, which offer no yield.
