00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gold and silver surged to fresh all-time highs as expectations for U.S. interest rate cuts
00:07and rising geopolitical tensions fueled their strongest annual performance in more than four
00:12decades, according to Bloomberg. Gold climbed more than 1.5% to break its October record of
00:19$4,381 an ounce, while silver rallied as much as 3.4% and closed near $70 an ounce.
00:27Traders are betting the Federal Reserve will cut rates twice in 2026, a move supported
00:32by softer U.S. inflation and sluggish jobs growth. Geopolitical risks also increased haven demand
00:38after the U.S. intensified an oil blockade on Venezuela and Ukraine attacked a Russian oil
00:43tanker. Central bank buying, ETF inflows, and investor demand continue to support prices
00:49across precious metals.
00:50For all things money, visit Benzinga.com.
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