Precious Metals Skyrocket as Gold Hits Record High, Silver & Platinum Soar – Fed Bets and Geopolitics Fuel Rally
Gold hit a record intraday high near $3,790 per ounce on Sept. 23, with U.S. futures settling above $3,800. Silver climbed to $44/oz, its highest since 2011, while platinum reached $1,480/oz, an 11-year peak. Palladium rebounded above $1,200/oz. The rally followed safe-haven demand amid geopolitical tensions and expectations of more Fed rate cuts.
