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The Commodities Feed: Precious metals surge
Gold edged closer to previous record highs yesterday, while silver prices broke above $45/oz (the highest since May 2011). The rally was driven by the broad weakness across financial markets amid growing geopolitical concerns and the outlook for the economy. Traders are also closely watching Friday’s release of the US personal consumption expenditures price index – the Federal Reserve's preferred inflation gauge. A tame inflation reading could strengthen the case for interest rate cuts and would further support the precious metals complex. Gold has gained almost 43% so far this year, supported by a weaker dollar, ... (full story)
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- Sep 26, 2025 7:06am Posted byFundamental Analysis236
