🪙 Gold and silver prices have approached record highs due to declining inflation in the USA
Gold and silver prices have neared historical highs against the backdrop of slower-than-expected inflation in the USA, according to analysts.
This has intensified expectations of further interest rate cuts, Bloomberg reports.
The price of gold bars has approached $4 335 per ounce, and the market is heading into its second consecutive week.
At the same time, platinum has risen for the seventh trading session in a row and has more than doubled in price since the beginning of the year. The jump in quotes above $1,980 per ounce – the highest level since 2008 – occurred amid signs of reduced supply in the London market, where banks hold reserves in the USA to guard against potential tariffs.
Silver has decreased by 0.3% – to $65.32 per ounce, but is still trading near the record mark of $66.89, recorded on Wednesday. Palladium prices remained almost unchanged. $EGLD $SOL
