Hindustan Zinc, Vedanta, Hindalco Soar on Fed Cut Hopes & Record Silver Prices

• Metal stocks, including Hindustan Zinc, Vedanta, and Hindalco, surged up to 5% on December 10.
• The surge was driven by growing expectations of a US Federal Reserve rate cut and a record high in silver prices.
• Traders are pricing in an 89% probability of a 25-basis-point Fed rate cut, reinforced by recent Fed official comments.
• Silver prices reached new lifetime highs, with global spot silver crossing $60 an ounce, driven by industrial demand and supply constraints.
• The Nifty Metal index climbed, becoming the top-performing sectoral index, while analysts advise focusing on fundamentals for investors.

Why It Matters: Fed rate cut hopes and silver surge could boost metal investments.