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Gold and Silver Surge to Record Highs Amid Market Turmoil

Gold and Silver Surge to Record Highs Amid Market Turmoil

Author:

Global Cryptocurrency

Published:

2026-01-23 04:26:02

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BTCCSquare news:

Gold prices soared to an unprecedented $4,980 per ounce, breaching the $4,900 barrier as Federal Reserve rate cut expectations and a weakening dollar fueled demand. The rally reflects broader market anxiety, with investors flocking to traditional safe-haven assets.

Silver mirrored the trend, reaching a historic $96.58 per ounce, while platinum surged 4.6% to $2,601.03. Palladium joined the upward momentum, climbing 3.3% to $1,900.59. The simultaneous spikes across precious metals underscore deepening geopolitical tensions and macroeconomic uncertainty.

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