Gold prices are expected to record weekly increases, after the Federal Reserve implemented a much-anticipated 25 basis point interest rate cut this week, while investors expect further policy relaxation next year. New York futures rose 0.2% to $4,322.20 an ounce in early trading, with a cumulative increase of 1.9% this week. Meanwhile, the price of silver futures hit a record high of $64 per ounce. Financial analysts at Sukton said, “Although silver has attracted speculative momentum in the context of supply shortage claims, the trend in gold prices is still more closely linked to broader policy prospects and actual returns. We expect gold to continue to act as a more reliable macro-sentiment vane, and unless the dollar weakens further sharply, its upside may be limited in the near future.”

Gold prices are expected to record weekly increases, after the Federal Reserve implemented a much-anticipated 25 basis point interest rate cut this week, while investors expect further policy relaxation next year. New York futures rose 0.2% to $4,322.20 an ounce in early trading, with a cumulative increase of 1.9% this week. Meanwhile, the price of silver futures hit a record high of $64 per ounce. Financial analysts at Sukton said, “Although silver has attracted speculative momentum in the context of supply shortage claims, the trend in gold prices is still more closely linked to broader policy prospects and actual returns. We expect gold to continue to act as a more reliable macro-sentiment vane, and unless the dollar weakens further sharply, its upside may be limited in the near future.”