While festive occasions often revolve around rich and tempting foods, medical experts warn that repeated overeating can quietly damage not just the body but also the brain, leading to serious long-term health…
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Vietnam’s capital records decline in dengue fever cases-Xinhua
This photo taken on June 27, 2023 shows a view of West Lake in Hanoi, Vietnam. (Photo by Pham Dinh Duc/Xinhua) HANOI, Dec. 24 (Xinhua) — The number of dengue fever cases in Vietnam’s capital Hanoi has declined in recent weeks, reflecting the…
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Gold tops $4,500, silver and platinum hit records in metal markets frenzy
Gold surged past the $4,500-an-ounce mark for the first time on Wednesday, while silver and platinum also scaled record highs, as investors piled into precious metals on safe-haven demand and expectations that U.S. interest rates will fall further next year.
Spot gold rose 0.1% to $4,492.51 per ounce by 0359 GMT, after touching a record high of $4,525.19 earlier in the session. U.S. gold futures for February delivery climbed 0.3% to a record high of $4,520.60.
Silver gained 1.2% to $72.27 an ounce, after hitting an all-time peak of $72.70 earlier, while platinum jumped 3.3% to $2,351.05 after rising to a historic high of $2,377.50.
Palladium climbed almost 2% to $1,897.11, its highest level in three years.
“Precious metals have become more of a speculative narrative around the idea that, with de-globalization, you need an asset that can act as a neutral go-between, without sovereign risk particularly as tensions between the U.S. and China persist,” said Ilya Spivak, head of global macro at Tastylive.
A goldsmith weighs gold jewellery inside a showroom in Ahmedabad
Thin year-end liquidity exaggerated recent price moves but the broader theme was likely to endure, with gold targeting $5,000 over the next six to twelve months and silver potentially pushing toward $80 as markets respond to key psychological levels, Spivak added.
Gold has surged more than 70% this year, its biggest annual gain since 1979, driven by safe-haven demand, expectations of U.S. rate cuts, robust central-bank buying, de-dollarisation trends and ETF inflows, with traders pricing in two rate cuts next year.
Silver has jumped more than 150% over the same period, outpacing gold on strong investment demand, its inclusion on the U.S. critical minerals list and momentum buying.
Gold and silver have “been hitting the accelerator pedal this week” with fresh record highs, reflecting their appeal as stores of value amid expectations of lower U.S. rates and lingering global debt, said Tim Waterer, chief market analyst at KCM Trade.
Platinum and palladium, primarily used in automotive catalytic converters to reduce emissions, have surged this year on tight mine supply, tariff uncertainty, and a rotation from gold investment demand, with platinum up about 160% and palladium gaining more than 100% year to date.
“What we’re seeing in platinum and palladium is largely catch-up,” Spivak said adding that the thin nature of those markets leave them vulnerable to sharp swings, even as they broadly track gold, once liquidity returns.
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Seahawks TE Eric Saubert Grateful For NFL Journey That Brought Him To Seattle
It didn’t take Saubert long to realize he fit in well with the Seahawks, and talks started about a possible contract extension earlier this season, but a calf injury landed him on injured reserve, causing him to miss six games. That made…
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Microsoft wants to replace its entire C and C++ codebase • The Register
Microsoft wants to translate its codebase to Rust, and is hiring people to make it happen.
“My goal is to eliminate every line of C and C++ from Microsoft by 2030,” Microsoft distinguished engineer Galen Hunt wrote in a recent LinkedIn…
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Pakistan: PTI Workers and Imran Khan’s Sister Hold Sit
Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s sister Aleema Khan and PTI workers held a sit-in at Factory Naka in Rawalpindi yesterday as they were stopped from moving towards Adiala Jail to meet incarcerated former PM. Over the past…
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U.S. Tops Finland 3-1 In World Juniors Pre-Tournament Action
Heikki Ruohonen opened the scoring 7:06 into the contest when he redirected a shot from the point into the back of the net while screening U.S. netminder Caleb Heil (Victoria, Minn./Madison Capitols) from just outside the crease.
At the…
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U.S. Tops Finland 3-1 In World Juniors Pre-Tournament Action
Heikki Ruohonen opened the scoring 7:06 into the contest when he redirected a shot from the point into the back of the net while screening U.S. netminder Caleb Heil (Victoria, Minn./Madison Capitols) from just outside the crease.
At the…
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Novel CAR T Cells Show Promise for Resistant T-Cell ALL – Medscape
- Novel CAR T Cells Show Promise for Resistant T-Cell ALL Medscape
- Immune cells modified to become ‘living drugs’ for cancer patients Times of India
- Miguel Bronchud: Universal Base-Edited CAR7 T Cells – A Breakthrough for T-Cell ALL
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