Comex gold futures hit a record high of $3,631.00 an ounce, while silver reached $42.29 per ounce – the highest in 14 years. Lower U.S. interest rates, expected rate cuts, and a jittery bond market are driving the precious metals up. Uncertainty around the Federal Reserve’s independence is adding pressure. The months of September and October historically could be rough for stocks, benefiting safe-haven metals. Gold and silver prices have more than doubled in the past three years due to geopolitical risks and trade disruptions. Technical signals suggest prices will remain sideways to higher. Predictive trendline analysis suggests gold and silver prices may reach $5,864.00 and $96.94 by January 1, 2028, respectively.

Read more at Yahoo Finance: Gold Rockets to Record Highs and Silver Takes Out 14-Year High: Where to From Here?