CNBC: Gold and Silver Reach Fresh Highs for Second Day Running - and Could Keep Climbing

Article by Tasmin Lockwood in CNBC

Gold and silver have rallied this year — and prices keep climbing.

Gold futures for February delivery rose 0.4% higher at $4,488.20 per ounce, after hitting a record of $4,530.80 per ounce. Spot gold was up 0.95% to $4,488.58 per ounce.

Meanwhile silver futures for March advanced 1.7% and was last seen at $69.74 per ounce, having earlier hit a fresh high of $70.80, while spot silver was last trading at $69.78, up 1.1%. Spot silver crossed $70 for the first time earlier in the session.

The metals have soared this year, smashing consecutive price records as sentiment shook on riskier assets amid fears of an AI bubble and uncertainty over the next Federal Reserve chair looking into 2026.

Gold is typically viewed as a safe bet in times of economic or geopolitical uncertainty and is often used as a hedge.

The futures prices represent a fresh highs for the metals, topping .....

To continue reading this article, click here!