The price of gold rose after the Federal Reserve implemented the 25 basis point interest rate cut generally expected by the market, even though policymakers were vague about next year's policy path, making the market uncertain. New York gold futures rose 0.4% to $4,241.90 an ounce; spot gold rose 0.5% to $4,338.77 an ounce. Meanwhile, silver futures rose 2.2% to $62.39 an ounce, hitting a record high of $63.25 earlier in the session. Soojin Kim of the Mitsubishi UFJ said, “Both gold and silver are expected to have the strongest annual performance since 1979. Driven by heavy demand from central banks, increased ETF inflows, and the shift of investors from sovereign bonds and currencies, the price of gold rose by more than 60%, and the price of silver more than doubled. “Traders are now awaiting US data delayed next week, with non-farm payrolls and CPI inflation data in focus.

The price of gold rose after the Federal Reserve implemented the 25 basis point interest rate cut generally expected by the market, even though policymakers were vague about next year's policy path, making the market uncertain. New York gold futures rose 0.4% to $4,241.90 an ounce; spot gold rose 0.5% to $4,338.77 an ounce. Meanwhile, silver futures rose 2.2% to $62.39 an ounce, hitting a record high of $63.25 earlier in the session. Soojin Kim of the Mitsubishi UFJ said, “Both gold and silver are expected to have the strongest annual performance since 1979. Driven by heavy demand from central banks, increased ETF inflows, and the shift of investors from sovereign bonds and currencies, the price of gold rose by more than 60%, and the price of silver more than doubled. “Traders are now awaiting US data delayed next week, with non-farm payrolls and CPI inflation data in focus.