Gold and silver prices reached historic highs on Thursday. December gold futures exceeded the $2,700 per ounce mark for the first time, rising to $2,708, and the spot price updated the record at $2,685 per ounce. Gold has been rising in price for eight months in a row, having received a new impetus thanks to the recent Fed interest rate cut and China's stimulus measures. Silver is also showing impressive results, reaching a 12-year high. The spot price of silver rose 2.6% to reach $32,632 per ounce, which is the highest level since 2012. Silver has risen in price by 37% this year, becoming one of the most successful commodities. The Fed's incentives and expectations of further rate cuts are contributing to increased demand for both metals.
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