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