New york: Gold prices surpassed $4,600 per ounce for the first time Monday, while silver also jumped to a record high, supported by geopolitical and economic uncertainty and growing expectations of a US interest rate cut. Spot gold rose by about 1.5 percent to $4,478.79 per ounce, having earlier hit a new record high of $4,600.33. US gold futures for February delivery also climbed 2 percent to $4,591.10.
According to Qatar News Agency,gold prices could rise to $5,000 per ounce in the first half of 2026 due to increased geopolitical risks and debt. Silver rose 4.4 percent in spot trading to $83.50 an ounce, after hitting a record high of $83.96 earlier in the day. Platinum gained 2.9 percent in spot trading to $2,338.54 an ounce, after reaching a record high of $2,478.50 on Dec. 29. Palladium also climbed 4.2 percent to $1,892.18 an ounce.
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