Gold, Silver Soar to Record Highs; Dovish Fed Signal Could Fuel Further Rally

• Gold and silver hit new all-time highs, heading for their best year since 1979, driven by geopolitical risks, a weaker US dollar, and monetary policy expectations.
• COMEX gold reached $4,581.30/ounce, and silver surged to $79.70/ounce; MCX Gold closed at Rs 1,39,940/10 grams.
• Copper also posted double-digit gains, reaching record highs on MCX (Rs 1,260/kg) and LME ($12,200/tonne), supported by supply constraints and demand.
• A potential dovish Federal Reserve Chair appointment by President Trump is weakening the US dollar and fueling market speculation for easier monetary policy.
• WTI crude oil initially surged on geopolitical tensions but fell later due to caution ahead of the Trump-Zelensky meeting; broader commodity outlook remains constructive.

Why It Matters: Metals rally to historic highs, with a dovish Fed and supply issues poised to extend gains.