Gold and Silver Prices Hit Record Highs Amid Anticipation of US Rate Cuts

Gold and silver prices soared to unprecedented levels during trading on Friday, driven by heightened global demand for safe-haven assets amid increasing expectations of further interest rate cuts by the U.S. Federal Reserve next year.

The price of gold peaked at a record $4,530.60 per ounce earlier in the session, later stabilizing at $4,512.35.

Silver also experienced significant gains, climbing to $74.35 per ounce before reaching an all-time high of $75.14, reflecting robust demand for the metal in international markets.

These increases underscore a persistent trend among investors favoring safe assets during periods of economic uncertainty, reinforcing the role of gold and silver as essential hedging instruments against market volatility.