Gold & Silver Push Higher as Markets Hunt for Safe Havens

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Gold & Silver Push Higher as Markets Hunt for Safe HavensGold FuturesCOMEX:GC1!LegendSinceGold continues its climb, breaking through past resistance levels as investors flee into safety ahead of U.S. fiscal turmoil and rate ambiguity. Meanwhile, silver is turning heads — rallying hard on the back of both safe-haven demand and its dual role as an industrial metal. Together, they’re painting a picture: when anxiety and uncertainty rise, the metals step into the spotlight. Gold hit an all-time high of $3,833.37/oz, closing at $3,829.63, on strong safe-haven demand amid U.S. shutdown fears and rate cut expectations. It then extended gains, reaching $3,842.76/oz, putting it on track for its best month since August 2011 with an ~11.4% gain in September. Silver also surged: it climbed to a 14-year high near $46.85/oz as industrial demand and safe-haven flows bolstered interest. Earlier this year, silver broke $35/oz, a level not seen in over 13 years, driven by tight supply and robust demand in tech & green energy sectors.