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Gold and Silver Surge to Record Highs as Shutdown and Oil Moves Stir Markets

From monetamarkets.com

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 to ... (full story)

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