Affected by heightened geopolitical tension and market expectations that the Federal Reserve will cut interest rates further next year, silver prices have risen to record highs, and gold prices have also risen slightly. At one point, the price of silver rose by more than 0.5%, hitting 67.5519 US dollars per ounce. Silver prices strengthened, supported by speculative capital inflows and the continued tight supply situation after the historic short market in October. The spot gold price is close to 4,345 US dollars per ounce, less than 40 US dollars from its all-time high, and has been rising for two consecutive weeks. A series of economic data released last week failed to provide a clearer economic outlook, and traders are betting that the Federal Reserve will cut interest rates twice in 2026. Generally, lower interest rates benefit precious metals that do not pay interest. Geopolitical tensions have also increased the safe-haven appeal of precious metals. The US imposed a tougher oil blockade on Venezuela, increasing pressure on the Maduro government; at the same time, Ukraine attacked an oil tanker belonging to Russia's shadow fleet for the first time in the Mediterranean.

Affected by heightened geopolitical tension and market expectations that the Federal Reserve will cut interest rates further next year, silver prices have risen to record highs, and gold prices have also risen slightly. At one point, the price of silver rose by more than 0.5%, hitting 67.5519 US dollars per ounce. Silver prices strengthened, supported by speculative capital inflows and the continued tight supply situation after the historic short market in October. The spot gold price is close to 4,345 US dollars per ounce, less than 40 US dollars from its all-time high, and has been rising for two consecutive weeks. A series of economic data released last week failed to provide a clearer economic outlook, and traders are betting that the Federal Reserve will cut interest rates twice in 2026. Generally, lower interest rates benefit precious metals that do not pay interest. Geopolitical tensions have also increased the safe-haven appeal of precious metals. The US imposed a tougher oil blockade on Venezuela, increasing pressure on the Maduro government; at the same time, Ukraine attacked an oil tanker belonging to Russia's shadow fleet for the first time in the Mediterranean.