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

Silver prices surged over 4%, surpassing $66 per ounce for the first time, reaching $66.07 per ounce for March futures contracts as of 07:14 Moscow time, indicating robust buying activity in global markets.
In the gold market, February futures increased by 0.39% to $4,349.10 per ounce, while spot gold prices rose by 0.36% to $4,317.99 per ounce.
This strong performance in precious metals follows the release of a U.S. employment report, which showed an increase in the unemployment rate to 4.6% in November, exceeding expectations of 4.4%. This has reignited investor bets on a more accommodative monetary policy from the Federal Reserve in 2026.
Analysts suggest that declining interest rate expectations enhance the appeal of gold and silver as safe havens amid economic uncertainty and market volatility.
