Gold & silver hit record highs | Asian markets mixed | Trading news

Asian markets mixed as gold and silver soar to all-time highs

Asian shares ended the week mixed as precious metals stole the spotlight, with gold and silver prices surging to new record highs. The surge is driven by central bank purchases and shifting expectations for U.S. interest rates, drawing investors to these traditional safe havens.

Asian markets mixed as gold and silver soar to all-time highs

Asian markets closed the week with mixed results. Tokyo’s Nikkei 225 rose 0.7%, leading gains, while shares fell in India and Thailand.

Precious metals surged, with gold up 0.9% to a record and silver jumping 4.5% past $74 per ounce. Analysts cite central bank buying and expectations of U.S. rate cuts as key drivers.

 

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In other moves, Bitcoin rose 2.2% to near $89,705, and U.S. crude oil edged up slightly.

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