Gold and Silver Hit Record Highs Amid Global Uncertainty and Rate-Cut Hopes

Gold prices soared past $4,600 per ounce on Monday, marking a historic high, while silver also climbed to unprecedented levels as investors reacted to geopolitical tensions and economic uncertainty.

Spot gold rose 1.3% to $4,469.49 per ounce after briefly touching $4,600.33. U.S. gold futures for February delivery increased 2% to $4,591.10. Analysts say rising geopolitical risks are driving strong demand for safe-haven assets.

Weak employment data from the United States fueled expectations of at least two interest-rate cuts this year by the Federal Reserve, further boosting precious metal prices. A softer U.S. dollar also supported the rally.

Silver followed suit, jumping 3.5% to $82.72 per ounce, after hitting a record $83.96. Platinum also gained 3.2%, reaching $2,345.40 per ounce with earlier highs of $2,478.50.

Investors are flocking to gold, silver, and platinum as hedges against volatility, making the metals some of the strongest performers in global markets. The trend reflects growing concerns about economic stability, central bank policies, and geopolitical tensions worldwide.

This surge in precious metals highlights the continued appeal of non-yielding assets in uncertain times, drawing attention from traders, investors, and analysts alike.