Metal stocks surge up to 4% on Fed rate cut hopes, record silver prices

• Metal stocks, including Hindustan Zinc, Vedanta, and Hindalco, gained up to 4% on December 10.
• The rise was fueled by investor hopes for a US Federal Reserve rate cut, expected to reduce borrowing costs and boost investment in India.
• Silver prices reached new all-time highs, with futures contracts hitting record levels and spot prices crossing $60 per ounce.
• The Nifty Metal index increased by 0.46%, snapping a two-day losing streak, as traders anticipated an 89% chance of a 25-basis-point Fed rate cut.

Why It Matters: Fed rate cut hopes and soaring silver prices are driving metal stock gains.