$SPDR Gold ETF(GLD)$ Gold and silver both hit all-time highs! Driven by expectations of rate cuts and geopolitical safe-haven demand, their year-to-date gains have both doubled.
On Tuesday New York time, the global precious metals market experienced a “moment of celebration”:
Silver/USD (XAGUSD.FX) broke through the $71 mark for the first time, reaching a peak of $71.855, a historical high, with year-to-date gains soaring over 148%;
Gold/USD (XAUUSD.CFD) simultaneously surpassed the $4,500 level, peaking at $4,504.32, with year-to-date gains exceeding 71%.
Platinum and palladium followed suit, moving upward in sync, as the entire precious metals sector entered its “highlight moment.”
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