Gold and Silver Start the Week at New Record Highs
Gold and Silver Start the Week at New Record Highs
Dovish Federal Reserve expectations and rising geopolitical risks lifted precious metals to fresh record levels at the start of the week. Gram gold tested a new high at 6,070 TRY, while spot gold and silver also hit new peaks.
Gold reaches historic levels
Support from the Fed’s recent 25-basis-point rate cut, expectations of further easing, sustained safe-haven demand, and a weaker U.S. dollar pushed gold prices to record highs.
Spot gold climbed to $4,410 per ounce, while gram gold surged to 6,070 TRY, marking an all-time high.
Silver hits a new all-time high
Silver prices jumped more than 3% to $69.45 per ounce, reaching the highest level ever recorded.
Key drivers behind the rally
Weak U.S. non-farm payroll growth, a rise in unemployment to 4.6%, and softer inflation data strengthened expectations of a more dovish Fed stance.
CME Group data shows markets pricing in two rate cuts in 2026, boosting the appeal of non-yielding assets such as gold and silver.
Geopolitical tensions support demand
Ongoing geopolitical tensions, including stalled Russia–Ukraine ceasefire efforts and rising U.S.–Venezuela friction, kept safe-haven demand strong.
Meanwhile, silver’s designation as a “strategic metal” by the U.S. and supply concerns for 2026 continued to support prices. Silver has gained more than 130% since the start of the year.
