Silver jumps past $75 in extended record run for metals including gold and platinum | Metals Mine

  • Silver jumps past $75 in extended record run for metals including gold and platinum

    From zawya.com

    Silver smashed through the $75 mark for ​the first time on Friday, with gold and platinum also rising to all-time highs, as bets on U.S. ⁠rate cuts and geopolitical jitters fueled investor demand. Spot gold rose 0.8% to $4,516.50 per ounce, as of 0933 GMT, ⁠after touching a record $4,530.60 earlier, while U.S. gold futures for February delivery climbed 1% to $4,547.70. "Prospect of lower U.S. interest rates is still supporting demand for gold and silver, lifting ⁠both metals to new record highs," said UBS analyst Giovanni Staunovo. "Low liquidity is amplifying the volatility across all precious metals." The yellow ... (full story)

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