Fed Changes, Precious Metals Soar

Investors are banking on a leadership change at the Federal Reserve and delayed economic data to sway President Trumps push for lower interest rates, driving up precious metals prices. Gold and silver are favored due to their non-interest bearing nature, making them more attractive with lower rates. Silver is seeing additional support from speculative investments, leading to a surge in demand and a drop in inventories. Gold remains steady, while platinum and palladium see slight dips. This dynamic interplay between monetary policy, investor sentiment, and the global commodities market, particularly for precious metals, is in full swing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.