Gold and silver continue to record historic numbers with renewed hopes for a rate cut

Gold prices exceeded the level of $4,400 for the first time, today, Monday, driven by expectations of lower US interest rates in the coming months, and the influx of demand for safe assets, while silver prices rose, recording a new historical high.

The price of gold in spot transactions rose by 1.7% to $4,410 per ounce by 11:39 GMT, while gold futures contracts in the United States (February delivery) rose by 1.3% to 4,443 Silver prices rose by 2.9%, reaching a historic level of $69 per ounce.

And in Other precious metals Platinum jumped 5% to $2,072.01, hitting its highest level in more than 17 years, while palladium rose 3.7% to $1,776.69, its highest level in almost 3 years.

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