Gold, Silver Prices Surge: Federal Reserve Rate Cut Hopes Fuel Rally

• Silver prices jumped Rs 4,000 to Rs 2.68 lakh/kg in New Delhi, a 1.5% increase.
• Gold of 99.9% purity rose Rs 600 to Rs 1.61 lakh/10g, up 0.4%.
• The surge is attributed to growing expectations of more aggressive rate cuts by the Federal Reserve.
• Softer US economic data, including lower December retail sales, signals a slowdown in consumer spending.
• Global spot silver gained nearly 6% to USD 85.51/ounce, and gold was up 1.06% to USD 5,078.72/ounce.