BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
U.S. Stock Futures Rise Ahead of Holiday-Shortened Week as AI Optimism Lifts Tech 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Silver prices surged to a record high during early Asian trading on Monday, driven by escalating geopolitical tensions that boosted demand for safe-haven assets across global markets. Concerns over renewed hostilities between Iran and Israel, along with rising friction between the United States and Venezuela, pushed investors toward precious metals, lifting silver to unprecedented levels.
Spot silver climbed 0.4% to an all-time high of $67.5325 per ounce, while February silver futures also gained 0.4% to trade at $67.860 per ounce. The rally in silver led gains across the broader metal markets, as gold, platinum, and palladium also benefited from increased investor demand for safe assets amid growing uncertainty.
Gold prices edged higher, with spot gold rising 0.2% to $4,348.30 per ounce. Platinum followed suit, gaining 0.2% and approaching the psychologically important $2,000 per ounce level, while spot palladium outperformed with a 0.7% jump to $1,729.97 per ounce. The synchronized rise in precious metals highlights the market’s defensive positioning in response to geopolitical risk.
Investor sentiment was shaken by weekend reports suggesting that Israel plans to brief the United States on potential renewed military action against Iran. These concerns stem from fears that Tehran is continuing its nuclear activities, despite earlier clashes in 2025 that culminated in U.S. airstrikes on Iran’s nuclear facilities and a subsequent ceasefire between Iran and Israel. Israeli Prime Minister Benjamin Netanyahu is expected to raise the issue during a scheduled meeting with U.S. President Donald Trump later in December, potentially signaling further escalation.
Adding to global uncertainty, reports also indicated that the U.S. is preparing to board a third oil tanker off the coast of Venezuela. Washington has intensified scrutiny of Caracas, accusing the Venezuelan government of using oil revenues to finance drug trafficking and illegal immigration. President Trump recently ordered a blockade of sanctioned oil tankers and hinted at the possibility of a ground campaign, further unsettling markets.
With geopolitical risks mounting on multiple fronts, precious metals prices are likely to remain supported as investors seek stability, positioning silver and gold as key beneficiaries of the current market environment.
