Gold Soars to New Record, Silver Hits All-Time High

Gold prices reached a new record high on Monday. Silver also hit an all-time peak. The surge is driven by rising bets that the U.S. Federal Reserve will cut interest rates this year. Lower rates make gold, which does not pay interest, more attractive to investors. Strong demand for safe-haven assets is also pushing prices up. Investors often buy precious metals like gold and silver during times of economic uncertainty or geopolitical tension. A weaker U.S. dollar has provided additional support. Since gold is priced in dollars, a softer currency makes it cheaper for buyers using other money. The record prices cap a powerful year for the sector. Significant investment inflows have fueled the rally.