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GOLD, SILVER PRICES SNAP RECORD RALLY AMID FED NOMINATION

The Sunday Guardian

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February 01, 2026

Precious metals such as gold and silver have been trading at lifetime highs across all markets with the tremendous rally in prices driven by macro, monetary and geopolitical convergence.

- RAJIV KAPOOR

GOLD, SILVER PRICES SNAP RECORD RALLY AMID FED NOMINATION

Research analysts tracking the commodity sector have been shocked by the sharp rise in the metal rally and indicate in their research reports that precious metals are responding to currency confidence stress, risk hedging positioning undertaken by investors and heightened macro and geopolitical uncertainty. So what has been driving silver and gold prices? Factors which have impacted these are US dollar weakness, US monetary policy expectations of rate cuts, macro economic stress signals on the back of sluggish US labour market and US consumer confidence at eleven year lows.

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