Silver Soars to Six-Week High Amid Easing Rate Hike Expectations
Silver prices surged to a six-week high on Friday, reaching $64.10, a gain of 4.16% on the day.
The metal's rally is attributed to fading expectations of further interest rate hikes from the Federal Reserve and persistent demand for safe-haven assets.
Markets remain cautious ahead of the US Nonfarm Payrolls report later in the day, which could reshape expectations for the Fed's monetary policy path.