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Gold hits fresh record as Fed rate-cut expectations lift metals
Gold topped $4,400 and silver set new highs as traders priced in potential Fed rate cuts, driving strong safe-haven demand across precious metals markets.
Gold prices surged past the $4,400-per-ounce mark amid rising expectations of Federal Reserve rate cuts, while silver climbed to record highs near $69.44 per ounce. Safe-haven demand and a softer dollar supported bullion, driving gold toward its largest yearly gain since 1979. Platinum and palladium also advanced, reinforcing broad strength in precious metals markets linked to economic uncertainty.