For the first time ever, gold crossed the historic threshold of $4,500 per troy ounce. During trading hours, the yellow metal peaked at $4,530.30 per ounce before closing at $4,514.25, marking a 1% increase compared to the previous day. Meanwhile, silver surged above $70 per ounce for the first time, climbing by nearly 2%, and platinum showed significant gains as well.

The rise in the prices of these precious metals is attributed to market expectations regarding further interest rate cuts by the US Federal Reserve. Since gold and silver do not generate interest income, lower rates make them more appealing as savings assets. This shift reallocates capital from interest-bearing instruments to precious metals, thereby bolstering demand.

Since the beginning of 2025, gold has increased in value by over 70%, with silver showing comparable growth. According to Bloomberg, gold has set a historical high for the 50th time this year, which indicates consistent demand growth. Analysts anticipate that if the Fed maintains its accommodative monetary policy, precious metal prices will continue to enjoy gains.

Future price movements will depend on decisions made by central banks and macroeconomic data releases.