Gold & Silver Soar: Traders Eye US Data, Fed Rate Cuts Amid Geopolitical Calm

• Gold prices steadied after three consecutive sessions of gains, rising 0.8% to $4,485.39 per ounce, following a 3% surge in the last session.
• Gold recorded its best annual performance since 1979 last year, surging 64.4%, while silver gained nearly 150% in 2025.
• Traders are prioritizing upcoming US economic data, including the December jobs report, over ongoing geopolitical tensions.
• Expectations of Federal Reserve interest rate cuts, fueled by weaker manufacturing data and Fed Governor Stephen Miran's comments, are supporting precious metals.
• Silver prices soared above $80, up 1.8%, driven by industrial and investor appetite, a metal shortage, and potential US import tariffs.

Why It Matters: Gold and silver prices are rising, driven by US economic data and Fed rate cut expectations, despite geopolitical concerns.