Silver Nears Record as US Payrolls Reinforce Fed Rate-Cut Bets
Silver traded near a record high after US payroll data reinforced bets that the Federal Reserve will cut interest rates in its final policy meeting of 2025. Gold extended gains.
US companies shed payrolls in November by the most since early 2023, according to ADP Research data released Wednesday, adding to concerns about a more pronounced weakening in the labor market.