
"Commodity" indicates that interest rates will be further reduced next year, silver hits a new high, and gold prices rise
U.S. employment data indicates the cooling effect of the labor market, with the market betting on further interest rate cuts next year. Gold prices rose on Wednesday, and silver prices broke through $65 per ounce to reach a new high.
Spot silver prices rose 3.1% to $65.77 per ounce, having previously touched a historic high of $66.52. March silver prices increased by 4.1% to $65.91 per ounce.
Spot gold rose 0.6% to $4,327.7 per ounce. February gold increased by $28.8 or 0.7% to $4,361.1 per ounce.
March copper prices rose 1.3% to $5.43 per pound.
January platinum prices rose 2.6% to $1,924.3 per ounce.
March palladium prices rose 3.3% to $1,711.5 per ounce
