Money and business
A new record high… Gold prices rise 1% and silver exceeds $66
Overridden $66 per ounce today, hitting a new record high, and rising with renewed hopes that the Federal Reserve (the US central bank) will reduce interest rates.
The price of silver in spot transactions rose about four percent to $66.3 per ounce, after touching the highest level ever at $66.51 earlier in the session.
Gold prices
US gold futures rose 0.7 percent to $4,364.
Silver increased 126 percent this year, exceeding the rate of increase in gold, which recorded an annual increase of 65 percent.
And in other metals, platinum rose 2.5 percent to $1,896.90, the highest level in more than 17 years.
Palladium rose 2.5 percent to $1,643.79, recording its highest levels since February 2023.
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