Silver topped $93 an ounce for the first time after Trump signed action to secure national supply of rare earths as a result of a Section 232 trade investigation. Gold notched another all-time peak
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Moneycontrol15-01-2026, 06:59

Gold, Silver, Copper Hit Record Highs Amidst Metals Rally and Geopolitical Tensions

  • Gold, silver, copper, and tin reached record highs as investors sought commodities as an alternative to traditional assets.
  • Frenzied buying in China, geopolitical flashpoints, and the Trump administration's actions against the US Federal Reserve fueled the rally.
  • Silver topped $93 an ounce after President Trump signed action to secure national rare earths supply; gold also hit a new peak.
  • The 'debasement trade' and a weak greenback underpinned the rally, with gold up 65% and silver almost 150% last year.
  • Industrial metals like copper face supply shortfalls, exacerbated by tariff fears and elevated speculative activity in China.

Why It Matters: Metals like gold, silver, and copper are soaring to record highs driven by investor demand, geopolitical concerns, and supply issues.

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