Gold prices held above $4,000 an ounce today as investors assessed the Israel-Hamas ceasefire deal, while broader geopolitical and economic uncertainty alongside expectations for U.S. rate cuts sustained bullish sentiment towards the metal.

Silver hit a record high, bolstered by gold’s record-breaking rally, growing investor demand and a supply deficit.

Spot gold was steady at $4,035.07 per ounce at 0956 GMT. U.S. gold futures for December delivery fell 0.4% to $4,054.60.

Gold prices rose above $4,000 per ounce for the first time on Wednesday, hitting a record high of $4,059.05.

Silver was up 1.6% at $49.65 per ounce. The metal has gained over 70% so far this year, benefiting from the same factors as those driving gold’s rally as well as tightness in the spot market.

“The interesting

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