Derived from Chainthink, gold and silver prices surged to record highs last week amid rising safe-haven demand and expectations of future U.S. interest rate cuts. Spot gold neared $4,550 per ounce on Friday, while silver broke through $79 per ounce, rising over 10% in a single session. The Federal Reserve will release its monetary policy meeting minutes on Tuesday at 03:00, followed by U.S. initial jobless claims on Wednesday and the final S&P Global manufacturing PMI for December on Friday.
Gold and Silver Prices Hit Records Amid Fed Rate Cut Expectations
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Summary
Gold and silver prices hit record highs last week as the fear and greed index tilted toward extreme fear, pushing investors toward safe-haven assets. Spot gold climbed near $4,550 per ounce, while silver surged past $79, gaining over 10% in one session. The Fed news on Tuesday will reveal key insights from its latest policy meeting, with jobless claims and manufacturing data to follow midweek.
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