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Silver soars to record high, riding gold's coattails
Silver prices shot to a record high on Wednesday, buoyed by gold's bull run and growing investor demand for hard assets amid persistent geopolitical and economic risks, as well as expectations of US interest rate cuts. Spot silver XAG= hit an all-time high at $49.57 per ounce. Both a precious and industrial metal, silver has gained 70% so far this year, heading for its biggest annual growth since 2010.Gold, traditionally seen as a store of value during times of instability, surged past the $4,000 an ounce level for the first time on Wednesday, while copper briefly hit a 16-month peak. "There is also a case at ... (full story)
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From freshforex.com | Oct 8, 2025
Gold has reached a new all-time high of $4,000 per ounce amid expectations of Fed rate cuts, a weaker dollar, and strong central bank purchases. Additional support comes from inflows into gold-backed funds and rising geopolitical tensions. FreshForex analysts forecast a climb to $4,200 by year-end. What happened today? On Wednesday morning, spot gold broke ...
From goldpriceforecast.com | Oct 8, 2025
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