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Gold, silver hit record highs on U.S. rate cut hopes
Gold and silver surge to records as markets price in U.
Precious metals rallied in global and Indian markets amid rising expectations of U.S. rate cuts. Gold touched a record high above US$4,100/oz, while silver also surged. The rally is fueled by dovish Fed expectations and safe-haven demand amid trade uncertainty. In India, jewelry demand and import pressure may push local premiums higher. The metals’ strength could influence commodity-linked sectors and macro sentiment across emerging markets.