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Silver Extends Gains Above $60 on Rate-Cut Hopes, Tight Supply
Silver extended gains after breaking above $60 an ounce for the first time on Tuesday, with traders betting on further monetary easing by the Federal Reserve and continued supply tightness. The white metal rose to a record $60.9213 an ounce on Wednesday, building on a 4.3% increase in the previous session. Silver’s rapid advance in recent days has been supported by expectations the US central bank will deliver a quarter-point rate reduction at the end of its Dec. 9-10 meeting. Lower borrowing costs are a tailwind for non-yielding precious metals. Traders are also looking beyond this week’s Fed decision in search ... (full story)
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From msn.com | Dec 9, 2025
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. ...
The Federal Reserve is poised to deliver its third straight interest rate cut Wednesday, while simultaneously firing a warning shot about what’s ahead. Following a period of remarkable indecision about which way central bank policymakers would lean, markets have settled on a quarter percentage point reduction. If that’s the case, it will take the Fed’s key ...
President Donald Trump indicated he would judge a new Federal Reserve chair by whether they immediately move to cut interest rates. Trump responded “yes” when asked in an interview with Politico if a quick reduction of borrowing costs would be a litmus test for his handpicked central bank leader. “Yes. Well, this guy too ... should too,” Trump told Politico ...
