The post Precious metals hit another record high – ING appeared on BitcoinEthereumNews.com. Gold and Silver hit another record high this morning, topping the all-time peak set just yesterday, with spot prices jumping to $4,379.93/oz and $54.4/0z, respectively, ING’s commodity experts Ewa Manthey and Warren Patterson note. Prices up by more than 65% and 80% YTD “The rally is driven by concerns over economic credit quality, expectations of continued Fed easing, and escalating US-China trade tensions. Two regional banks disclosed loan issues tied to alleged fraud, raising fears about weakening borrower credit, boosting safe-haven demand.” “Meanwhile, traders are increasing their bets on a jumbo US rate cut by year-end, while Fed Chair Powell signaled another quarter-point reduction is likely to happen this month. Additionally, the US government shutdown has delayed key economic data releases, but once resolved, a surge of information could reveal signs of weakness, supporting further rate cuts.” “Gold and Silver are one of the best-performing commodities this year, with prices up by more than 65% and 80% YTD, respectively, supported by central bank purchases, strong ETF inflows, rising demand for safe-haven assets amid geopolitical tensions and concerns over the Fed’s independence.” Source: https://www.fxstreet.com/news/precious-metals-hit-another-record-high-ing-202510170950The post Precious metals hit another record high – ING appeared on BitcoinEthereumNews.com. Gold and Silver hit another record high this morning, topping the all-time peak set just yesterday, with spot prices jumping to $4,379.93/oz and $54.4/0z, respectively, ING’s commodity experts Ewa Manthey and Warren Patterson note. Prices up by more than 65% and 80% YTD “The rally is driven by concerns over economic credit quality, expectations of continued Fed easing, and escalating US-China trade tensions. Two regional banks disclosed loan issues tied to alleged fraud, raising fears about weakening borrower credit, boosting safe-haven demand.” “Meanwhile, traders are increasing their bets on a jumbo US rate cut by year-end, while Fed Chair Powell signaled another quarter-point reduction is likely to happen this month. Additionally, the US government shutdown has delayed key economic data releases, but once resolved, a surge of information could reveal signs of weakness, supporting further rate cuts.” “Gold and Silver are one of the best-performing commodities this year, with prices up by more than 65% and 80% YTD, respectively, supported by central bank purchases, strong ETF inflows, rising demand for safe-haven assets amid geopolitical tensions and concerns over the Fed’s independence.” Source: https://www.fxstreet.com/news/precious-metals-hit-another-record-high-ing-202510170950