Gold Prices Rise as Silver Reaches Record High Amid Expectations of U.S. Rate Cuts

Silver prices surged over 4%, surpassing the $66 per ounce threshold for the first time, with March futures for the metal hitting $66.07 per ounce at 07:14 Moscow time, reflecting robust demand in global markets.
In the gold market, February futures climbed by 0.39% to $4349.10 per ounce, while spot prices for gold rose by 0.36% to reach $4317.99 per ounce.
This strong performance in precious metals followed the U.S. jobs report, which indicated an increase in the unemployment rate to 4.6% in November, surpassing the anticipated 4.4%. This data has reignited investor speculation regarding a shift in the Federal Reserve's monetary policy towards easing in 2026.
Analysts suggest that the declining expectations for interest rate hikes enhance the attractiveness of gold and silver as safe-haven investments amid ongoing economic uncertainty and global market fluctuations.
