Gold hits new all-time high of $4,980

Gold

Gold just smashed through $4,900, hitting an all-time high of $4,980 per ounce, fueled by Fed rate cut bets, a weaker dollar, and geopolitical chaos.

Silver also exploded, setting a new record at $96.58/oz, while platinum jumped 4.6% to an all-time high of $2,601.03.

Palladium joined the rally, now up 3.3% to $1,900.59, as safe-haven flows spread across precious metals.