"Commodity" Gold price fell back after breaking the top during the session, while silver reached a new high

Geopolitical and economic uncertainties have prompted investors to turn to safe-haven assets, coupled with expectations of interest rate cuts by the Federal Reserve, leading gold prices to soar to a historic high on Wednesday, with silver and copper prices also reaching new peaks on the same day.

After breaking the peak, spot gold retreated, reaching a high of $4,641, and is currently up $30 or 0.6% to $4,616 per ounce. The February gold futures price also hit a new high, peaking at $4,650 per ounce, and is currently up $20 or 0.5% to $4,620 per ounce.

March silver futures prices reached a new high for several consecutive days, rising 5.6% to $91.1 per ounce.

March copper futures prices hit a new high, rising 0.2% to $6.03 per pound.

February platinum futures prices rose 1.4% to $2,371 per ounce.

March palladium futures prices fell 0.6% to $1,903 per ounce