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Gold, Silver Hit Fresh Record HighsSingapore, 13 Oct (ONA) — Gold and silver prices surged to new record highs today, driven by strong safe-haven demand amid renewed trade tensions between the United States and China, as well as expectations that the US Federal Reserve will cut interest rates. Spot gold rose 0.7% to $4,044.29 per ounce, while US gold futures for December delivery advanced 1.6% to $4,062.50. Silver climbed 2% in spot trading to a record $51.52 per ounce, extending its recent rally. Gold, which yields no interest, has gained 54% so far this year, supported by anticipation of lower borrowing costs and increased geopolitical uncertainty. Among other precious metals, platinum rose 2.6% to $1,628.80 per ounce, while palladium gained 2.6% to $1,442.06.— Ends/Khalid
