Gold Steady, Silver Nears Record High on Rate-Cut Hopes, Demand Surge

• Gold holds steady, while silver hovers near an all-time high ($66.88) driven by rate-cut bets and strong demand.
• US Federal Reserve's dovish signals and potential future rate cuts support precious metals sentiment.
• Silver's significant surge (130% YTD) is fueled by tightening physical supply and robust industrial demand.
• Weak US economic data, including rising unemployment, reinforces expectations for Fed rate cuts.
• Geopolitical tensions and upcoming US inflation data (CPI, PCE) remain key market factors.

Why It Matters: Rate-cut expectations and strong industrial demand push silver to near record highs, gold remains steady.