"Commodity" US rate cuts stimulate silver to hit new highs, gold prices rebound
The Federal Reserve announced a rate cut of 25 basis points, causing gold prices to reverse their downward trend and significantly rebound, with spot gold rising by USD 20.6 or 0.5% to USD 4,228.84 per ounce. February futures gold prices fell by USD 11.5 or 0.3% to USD 4,224.7 per ounce.
Silver prices reached an all-time high. March futures silver prices rose by 0.3% to USD 61.029 per ounce.
March futures copper prices rose by 0.6% to USD 5.3535 per pound.
January futures platinum prices fell by 3.1% to USD 1,647.2 per ounce.
March futures palladium prices fell by 3.6% to USD 1,487.5 per ounce
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