Gold, Silver Futures Soar on Global Cues, Fed Rate Cut Hopes

• Gold and silver futures advanced significantly on Friday, driven by strong global trends and expectations of lower US interest rates.
• On MCX, February gold futures rose Rs 948 to Rs 1,36,752 per 10 grams, while March silver futures surged Rs 7,107 to Rs 2,42,980 per kilogram.
• Internationally, Comex gold for February delivery climbed $46.10 to $4,387.20 per ounce, and March silver gained $2.4 to $73 per ounce.
• The rally is fueled by safe-haven demand, geopolitical uncertainties, central bank purchases, and renewed inflows into gold-backed ETFs.
• Tight supply, strengthening industrial and investment demand, and China's new export curbs also supported silver prices.

Why It Matters: Gold and silver prices surged globally, driven by rate cut hopes and safe-haven demand.