Gold Nears 2-Week Low Amid Profit Booking; Silver Soars 160% This Year

• Gold prices are near a two-week low, driven by year-end profit booking by investors.
• Spot gold fell 0.4% to $4,535.50 per ounce in Asian trade, failing to hold above key resistance levels.
• Despite recent weakness, gold has seen an annual increase due to safe-haven demand, geopolitical tensions, and Federal Reserve rate cut expectations.
• Silver continues its strong rally, with spot silver rising 3% to $79.87 per ounce and a record surge of over 160% this year.
• In the domestic market, silver crossed 2.3 lakh rupees, while on COMEX, it remained above $75.

Why It Matters: Gold dips on profit booking but silver shines with a massive 160% annual surge.