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Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone
Gold gained on Tuesday as traders remained optimistic ahead of the U.S. Federal Reserve's interest rate decision, while silver rose to hit an unprecedented $60 per ounce milestone amid supply constraints. Spot gold rose 0.6% to $4,211.77 per ounce by 03:21 p.m. ET (2021 GMT). U.S. gold futures for February delivery settled 0.4% higher at $4,236.2 per ounce. Spot silver climbed 4.3% to $60.74 per ounce, hitting an all-time high. "People are anticipating that there's going to be strong industrial demand for silver for years to come, which is why it's been bid up, the silver price," said Fawad Razaqzada, market ... (full story)
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- Dec 9, 2025 3:31pm Posted byFundamental Analysis222
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