Gold, Silver Prices Hit Record Highs
Gold surged approximately 2% as of 0700GMT Monday, reaching an all-time peak of $4,420.35 per ounce—eclipsing the previous record set in October.
Throughout this year, the yellow metal has skyrocketed roughly 70%, propelled by trade disputes, geopolitical instability, and monetary policy shifts from central banks worldwide.
Silver mirrored the explosive rally, climbing 3% to an unprecedented $69.5 per ounce during Monday's session. Over the past twelve months, the white metal has witnessed a staggering surge exceeding 130%.
Broader precious metal markets extended their recent momentum as traders anticipate lower borrowing costs, heightened demand, and constrained supply chains in the coming year.
Monday's advances represent the latest chapter in a sustained industry rally driven by mounting concerns over decelerating global economic expansion. Expectations of further US interest rate cuts throughout 2026 have amplified appetite for tangible assets.
Weekend reports indicated Washington was preparing to intercept a third vessel near Venezuela's coastline, intensifying geopolitical uncertainty between the two nations and fueling market anxiety.
US President Donald Trump has ramped up surveillance operations targeting Caracas, asserting the country channels petroleum revenues toward financing unauthorized migration and narcotics trafficking into American territory.
Last week, Trump issued threats of ground military intervention against the South American nation while mandating a naval blockade of sanctioned oil tankers conducting operations in Venezuelan waters.
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