Gold rates hit record highs! Prices hit $4,379.93 per ounce; US credit worries, China tensions fuel safe-haven rush

Gold and silver have reached unprecedented levels. Investors are flocking to safe havens amid worries about US credit and escalating US-China friction. Federal Reserve rate cut expectations are also fueling this rally. Silver has surpassed its 1980 record. Palladium and platinum have also seen significant gains this week.

Gold rates hit record highs! Prices hit $4,379.93 per ounce; US credit worries, China tensions fuel safe-haven rush
Gold and silver have reached unprecedented levels. Investors are flocking to safe havens amid worries about US credit and escalating US-China friction. Federal Reserve rate cut expectations are also fueling this rally. Silver has surpassed its 1980 record. Palladium and platinum have also seen significant gains this week.