US EditionSafe-Haven Gold Hits Record High Above $4,100 on Fed Rate Cut Bets, Trade Jitters
Silver surged 3.5% to $52.21, up 73% this year, driven by supply shortfalls and rising industrial demand, while gold gained 56%, fueled by geopolitical tensions and investor concerns.
- Gold reached a record high of $4,106.48 per ounce, boosted by U.S.-China trade tensions and Federal Reserve rate cut expectations.
- Silver also surged to an all-time high, climbing 3.1% to $51.82, driven by similar market conditions as gold and reported supply tightness.
- Experts, including Phillip Streible, predict that gold could exceed $5,000 an ounce by 2026 due to ongoing economic uncertainties and strong demand from central banks.
- Physical demand for gold and silver has sharply increased ahead of the Diwali Holiday Festival.
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30 Articles
'It’s terrible': CNN data analyst delivers flashing red warning sign about US dollar
As silver prices hit all-time high, an expert has said it is even “outlasting gold.”During an appearance on CNN Tuesday, the network’s chief data analyst Harry Enten said that in addition to doing better than gold, silver is also "doing so much better than the. U.S. dollar is doing. And I think that's what's so important to keep in mind here.”He continued: “One of the things to keep in mind of one of the reasons why silver is surging is because …
Gold prices rose to as high as $4,179 per ounce today, before falling slightly.
Why Silver Has Been Surging Even More Than Gold
Gold has staged a dramatic rally this year as Russia’s war in Ukraine and the US Trump administration’s unorthodox economic policies sent investors and central banks reaching for safe-haven assets. Right now, however, it’s silver that’s stealing the spotlight.
Gold exceeds $4,100 and silver exceeds $52.5 against the backdrop of US tensions
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