Gold, Silver Soar to Record Highs Amid Geopolitical Tensions & Rate Cut Hopes

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Firstpost•12-01-2026, 12:06
Gold, Silver Soar to Record Highs Amid Geopolitical Tensions & Rate Cut Hopes
- •Spot gold hit an all-time high of $4,563.61 per ounce, marking its first record peak of 2026.
- •Silver also reached a new record at $83.50 per ounce, driven by geopolitical uncertainty and US interest rate cut expectations.
- •Geopolitical tensions, including unrest in Iran, Trump's tariff policy concerns, and Venezuela's political situation, are fueling safe-haven demand.
- •Analysts expect bullion markets to maintain positive momentum, with any dips seen as buying opportunities.
- •Gold and silver are projected to remain structurally supported through 2026, with central bank accumulation and industrial demand driving prices.
Why It Matters: Gold and silver hit record highs due to geopolitical instability and anticipated US interest rate cuts.
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