Gold and silver reached record highs, driven by safe-haven demand and expectations of further US interest rate cuts next year. Platinum and palladium also saw an increase. Gold rose 0.5% to $4,502.75 per ounce, while silver jumped 3.4% to $74.35 per ounce. The US dollar remained low and gold has had a strong rally this year. Silver has gained 158% and platinum jumped 5%.