Gold Climbs Toward Record Highs, Silver Surpasses $90 on Softer U.S. Inflation Data

Global precious metals markets witnessed a dramatic rally this week, with gold climbing to $4,627.95 per ounce and silver crossing the historic $90 threshold for the first time. The surge follows lower-than-expected U.S. inflation readings and declining unemployment, strengthening investor confidence in imminent Federal Reserve rate cuts.

Analysts highlight that geopolitical tensions and safe-haven demand have further intensified the rally, positioning silver as the standout performer with nearly 28% gains in 2026 alone. Market watchers now eye the $100 milestone for silver, while gold continues to hover near its all-time high of $4,634.33.

Key Highlights

• Gold Prices: Spot gold rose 0.9% to $4,627.95; U.S. futures at $4,635.60.
• Silver Milestone: Spot silver jumped 4.6% to $90.95, marking its first-ever breach of $90.
• Drivers: Softer U.S. inflation, lower unemployment, and Fed rate cut expectations.
• Safe-Haven Demand: Geopolitical uncertainty continues to push investors toward precious metals.
• Outlook: Silver’s next target is $100, while gold remains near record highs.
• This rally underscores the resilience of precious metals as investors hedge against economic uncertainty, with both gold and silver poised for further gains if monetary easing materializes.

Sources: The Hindu Business Line, Firstpost, LiveMint, Business Times, CNBC, News18.