The spot gold price of "Commodity" once rose above $4,500, while silver and platinum prices hit new highs
The demand for hedging and expectations of further interest rate cuts in the U.S. next year have stimulated market speculation in precious metals. Gold prices broke the $4,500 per ounce mark for the first time on Wednesday, while silver and platinum prices also reached historic highs.
Spot gold recently fell 0.4% to $4,465.2 per ounce. February gold futures dropped $23 or 0.5% to $4,482 per ounce.
March silver futures fell 0.8% to $70.6 per ounce.
March copper futures rose 0.1% to $5.56 per pound.
January platinum futures fell 4% to $2,193 per ounce.
March palladium futures fell 9% to $1,793 per ounce
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