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Gold and Silver Jump as Rate-Cut Wagers Reignite Bull Run
Silver surged above $40 an ounce for the first time since 2011 and gold approached an all-time high as the prospect of Federal Reserve rate cuts gave fresh impetus to the multiyear bull run in precious metal markets. Spot silver rose as much as 2.6% to $40.7599 an ounce — taking gains this year to about 40% — while gold jumped as much as 1.2% to just below its April record above $3,500 an ounce. Gold hit a record Monday in a London Bullion Market Association auction. Both metals have more than doubled over the past three years, propelled by mounting risks in the spheres of geopolitics, business, and global trade. ... (full story)
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From msn.com | Sep 1, 2025
Gold hit a more than four-month high on Monday to trade around $30 shy of all-time highs, buoyed by U.S. Federal Reserve rate cut bets and a softer dollar, while silver breached $40 per ounce for the first time since 2011. Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05. U.S. ...
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