Precious metals rally as gold breaks record highs, silver surges
Silver smashed through the $75 mark for the first time Friday, with gold and platinum also rising to all-time highs, as bets on U.S. rate cuts and geopolitical jitters fueled investor demand.
Spot gold rose 0.6% to $4,505.30 per ounce, as of 1131 GMT, after touching a record $4,530.60 earlier, while U.S. gold futures for February delivery climbed 0.7% to $4,534.
Gold first broke above $4,500 per ounce on Dec. 24, hitting record highs as investors flocked to safe-haven assets amid economic uncertainty and expectations of US interest rate cuts.
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