Gold, Silver Soar to Record Highs on US Inflation Data, Fed Rate Cut Hopes

• Gold and silver prices surged to new record highs after US inflation data fueled expectations of Federal Reserve interest rate cuts.
• Spot gold remained stable at $4,591.49 per ounce after hitting a record $4,634.33; US gold futures settled at $4,599.10.
• Spot silver jumped 2.1 percent to $86.74 per ounce, touching an all-time high of $89.10 during the session.
• Softer US CPI data (0.2% MoM, 2.6% YoY) increased the likelihood of Fed rate cuts, making non-yielding bullion more attractive.
• Geopolitical tensions, economic uncertainty, and concerns over Fed independence continue to boost gold's safe-haven appeal.

Why It Matters: Gold and silver hit record highs driven by US inflation data, increasing Fed rate cut expectations, and safe-haven demand.