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Gold and Silver Surge to Record Highs as Shutdown and Oil Moves Stir Markets
Precious metals extended their rally at the start of the week, with gold breaking above $3,900 and silver surging past $48.50, marking their highest levels in over a decade. The move came as investors sought stability amid prolonged US political gridlock and shifting expectations for Federal Reserve rate cuts. Meanwhile, OPEC+’s decision to raise output modestly provided mixed cues for commodities, while major FX pairs traded within tight ranges as traders assessed the evolving macro backdrop. Gold Price Forecast (XAU/USD) Current Price and Context Gold extended its rally on Monday, breaking above the $3,900 mark ... (full story)