Gold Soars Past $4,400, Silver Hits Record on Rate Cut Hopes & Safe-Haven Demand

• Gold prices surpassed $4,400 for the first time, reaching an intraday record of $4,420.01, driven by expectations of US interest rate cuts and safe-haven buying.
• Silver also hit a new record high of $69.44, extending its powerful rally, and is up 139% year-to-date due to supply deficit and industrial demand.
• The gold rally, up nearly 68% this year, is fueled by central bank purchases, geopolitical uncertainty, investor inflows, and the prospect of lower interest rates.
• US Federal Reserve Governor Stephen Miran's comments on potential rate cuts intensified monetary easing expectations, benefiting non-yielding assets like gold.
• UBS analysts predict gold could climb further, targeting $4,500, while other precious metals like Platinum and Palladium also saw significant gains.

Why It Matters: Gold and silver hit record highs, powered by rate cut hopes, safe-haven demand, and geopolitical tensions.