Silver And Gold Prices Rise to Record Highs
Gold and silver prices skyrocketed Wednesday, fueled by a weakening US Buck Index. February gold futures hit a record 1, 64, 900 per 10 grams, a 21 % gain in January. March silver futures got to 3, 83, 100 per kilogram, a 62 % boost this month.
- Driving Pressure: A decreasing dollar made assets less expensive for worldwide buyers.
- Buck Weakness: The United States Dollar Index remains near a four-year reduced, impacted by presidential remarks.
- Fed Watch: Markets prepare for a prospective pause in US Federal Reserve price cuts.
