Gold and silver hit record highs amid rate-cut bets and Venezuela tensions – business live

Rolling coverage of the latest economic and financial news Gold was already on track for its best year since 1979, and is up 68% since 1 January. Some economists have predicted previous metals will keep rising next year – but others aren’t convinced. Gold prices may be widely expected to keep hitting record highs in 2026, but we’re not convinced. We expect fundamentals to reassert themselves, pulling prices back to $3,500 an ounce by year end . So goes gold, so goes silver: the end of the speculative boom in the former will also kill off the stunning recent rally in the latter. Continue reading...