Gold tops $4,900/oz; silver and platinum extend record‑setting rally | Metals Mine

  • Gold tops $4,900/oz; silver and platinum extend record‑setting rally

    From wtvbam.com

    Gold pushed past $4,900 per ounce for the first time on Thursday, powered by ongoing geopolitical tensions, a softer U.S. dollar and expectations of Federal Reserve interest rate cuts, while silver and platinum prices also hit fresh record highs. Spot gold climbed to a record peak of $4,904.66 per ounce, as of 12:50 p.m. ET (17:50 GMT). U.S. gold futures for February delivery was up 1.2% at $4,896.2 per ounce. The U.S. dollar slipped 0.4%, making greenback-priced bullion more attractive to overseas buyers. [USD/] “Geopolitical tensions, generally weak dollar, expectations for the Fed easing this year are all ... (full story)

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