Overview
- In early Asian trading, spot gold traded near $4,502.75 per ounce after touching a new intraday high around $4,530.60.
- U.S. February gold futures set a fresh record above $4,530 per ounce, reflecting the cross-market strength in the rally.
- Silver climbed about 3.4% to $74.35 before peaking near $75.14, marking the first time it has traded above $75.
- Platinum jumped roughly 8% to a record near $2,413.62 per ounce, while palladium advanced about 4.4% to around $1,757.25.
- Coverage cited safe-haven demand, growing expectations of Federal Reserve rate cuts, strong industrial and investment buying, falling inventories, geopolitical tension, and policy signals such as silver’s addition to the U.S. critical minerals list.