The price of gold has risen above $4,300 per ounce, driven by safe-haven inflows and speculation that the Federal Reserve may soon cut interest rates.

 

Silver followed with a new record of around $54 per ounce, boosted by growing demand for precious metals amid global uncertainty.

 

Key drivers behind the rally:

 

• Escalating trade tensions between the United States and China, including new measures related to rare earth metals.
• A partial U.S. government shutdown, delaying key economic data releases and increasing uncertainty.
• Rising expectations of interest rate cuts — investors now anticipate a reduction this month and another in December.
• A weaker U.S. dollar, making precious metals more attractive for holders of other currencies.

 

The combination of geopolitical uncertainty, monetary policy expectations, and strong safe-haven demand is pushing precious metal prices to historic highs.