#BTCVSGOLD
Gold rises and silver hits record ahead of the Fed's rate decision
Silver rose, reaching a historic high of US$59,751 per ounce.
Gold rose slightly as traders awaited the almost certain rate cut from the Federal Reserve and signals about its monetary easing in 2026. Silver rose to reach a historic high.
The interest rate on 10-year Treasury bonds fell after rising to its highest level since late September. Lower rates usually benefit gold as it does not earn interest.
The recent decline in U.S. Treasury bonds has dampened risk appetite as traders are cautious about the pace of monetary easing beyond Wednesday's meeting.
Money markets barely foresee two cuts in 2026 following the likely 25 basis point reduction on Wednesday, which represents a setback from the more optimistic forecasts of recent weeks.
