Precious Metals Rally as Fed’s Dovish Cut Lifts Gold and Silver to New Highs

Gold and silver climbed after the Fed’s dovish rate cut, driving metals toward their best yearly gains since 1979 amid falling yields and strong investor demand.

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4 days ago

Precious Metals Rally as Fed’s Dovish Cut Lifts Gold and Silver to New Highs

Precious Metals Rally as Fed’s Dovish Cut Lifts Gold and Silver to New Highs
Fresh momentum returned to precious metals after the U.S. Federal Reserve delivered its third consecutive rate cut and signaled uncertainty over future tightening. Gold briefly touched $4,248 an ounce, supported by falling Treasury yields and a weaker dollar, while silver surged 1.5% to a record $62.72. Analysts noted the split FOMC vote tempered aggressive bullish sentiment, yet lower rates continue to strengthen demand for nonyielding assets. 
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  • Gold Prices
  • Silver Record