Driven by rising market expectations for further interest rate cuts by the Federal Reserve and strong safe-haven demand, the price of gold broke through the $4,400 per ounce mark for the first time on Monday, and silver also rose at the same time, reaching a record high. As of 05:02 GMT, spot gold rose 1.4% to $4397.16 an ounce. During the intraday period, it broke through the $4,400 mark and hit an all-time high of $4,400.29 per ounce. Spot silver rose 3.3% to a record high of $69.44 an ounce. U.S. gold futures for February delivery rose 0.98% to $4430.30 an ounce. Since this year, the cumulative increase in precious metal prices has been remarkable. Gold has risen by 67%, breaking many records one after another. For the first time, it has reached the two important thresholds of 3,000 US dollars and 4,000 US dollars per ounce, which is expected to be the biggest annual increase since 1979. Over the same period, silver rose as much as 138%, far exceeding the performance of gold. This trend was supported by strong inflows of investment capital and ongoing supply shortages.

Driven by rising market expectations for further interest rate cuts by the Federal Reserve and strong safe-haven demand, the price of gold broke through the $4,400 per ounce mark for the first time on Monday, and silver also rose at the same time, reaching a record high. As of 05:02 GMT, spot gold rose 1.4% to $4397.16 an ounce. During the intraday period, it broke through the $4,400 mark and hit an all-time high of $4,400.29 per ounce. Spot silver rose 3.3% to a record high of $69.44 an ounce. U.S. gold futures for February delivery rose 0.98% to $4430.30 an ounce. Since this year, the cumulative increase in precious metal prices has been remarkable. Gold has risen by 67%, breaking many records one after another. For the first time, it has reached the two important thresholds of 3,000 US dollars and 4,000 US dollars per ounce, which is expected to be the biggest annual increase since 1979. Over the same period, silver rose as much as 138%, far exceeding the performance of gold. This trend was supported by strong inflows of investment capital and ongoing supply shortages.