Gold futures in New York joined silver bullion at fresh all-time highs Wednesday as the price of platinum and palladium leapt, hitting multi-year records following another strong trading day in China's new GFEX contracts. Despite the real rate of interest averaging 18-year highs on US Treasury bonds across 2025, precious metals have now made the strongest annual gain since 1979 in gold and silver, the strongest since 2009 in palladium, and a series record back to 1990 in the price of platinum. "If this were [just] an investment- or speculation-driven rally, we might have expected a stampede for the exits," says ... (full story)