Gold and silver cool off after record highs
Gold and silver prices slipped on Thursday, just after both hit all-time peaks.
Gold dropped 0.4% to $4,324.59 an ounce, while silver fell 0.7% to $65.78 after its own record run.
Why does this matter?
Silver has soared about 129% this year—way ahead of gold's 65% climb—making metals a hot topic for anyone watching inflation or thinking about safe investments.
Despite the US dollar holding gains and global tensions rising, more people are turning to gold and silver as reliable hedges.
What's behind the moves?
The recent dip comes as some investors cash out profits and the dollar regains strength.
US unemployment ticked up to 4.6%, fueling talk of more Federal Reserve rate cuts next year—which usually boosts demand for precious metals.
What's next?
Everyone's watching upcoming inflation data and spending reports for clues on interest rates.
Plus, global issues like a US blockade on Venezuelan tankers are keeping demand for safe-haven metals strong—platinum even hit highs not seen in decades!