The price of gold crossed the $4,600-per-ounce threshold for the first time on Monday, while silver prices climbed to an all-time high. This surge has been fueled by a persistent climate of geopolitical and economic uncertainty, alongside growing expectations of a cut in U.S. interest rates.
On the spot market, gold rose by around 1.3% to reach $4,568.49 an ounce, after earlier setting a new record high of $4,600.33 during the session. Silver, meanwhile, moved past the $84-per-ounce mark on the spot market on Monday.
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