Gold prices surpassed $4,600 per ounce for the first time on Monday, while silver also surged to an all-time high, supported by heightened geopolitical and economic uncertainty and growing expectations of U.S. interest rate cuts.
اضافة اعلان
Spot gold rose about 1.5% to $4,478.79 per ounce by 01:27 GMT. Earlier in the session, the precious metal touched a new record high of $4,600.33 per ounce.
U.S. gold futures for February delivery climbed 2% to $4,591.10 per ounce.
A human rights organization said on Sunday that unrest in Iran has resulted in more than 500 deaths, while Tehran threatened to target U.S. military bases if President Donald Trump follows through on renewed threats to strike the country in support of protesters.
The Iranian unrest comes as Trump projects U.S. power internationally, following the ouster of Venezuelan President Nicolás Maduro and discussions over acquiring Greenland by purchase or force.
Data released on Friday showed that U.S. job growth slowed more than expected in December, amid job losses in the construction, retail, and manufacturing sectors.
However, a decline in the unemployment rate indicated that the labor market has not deteriorated rapidly.
Investors are currently expecting the Federal Reserve to cut interest rates at least twice this year, with a weaker labor market increasing the likelihood of rate reductions.
Gold prices could rise to $5,000 per ounce in the first half of 2026 due to heightened geopolitical risks and debt levels, according to HSBC.
Silver rose 4.4% in spot trading to $83.50 per ounce, after hitting a record high of $83.96 earlier in the day.
Platinum gained 2.9% in spot trading to $2,338.54 per ounce, after reaching a record high of $2,478.50 on December 29.
Palladium also advanced 4.2% to $1,892.18 per ounce.
Reuters
