Safe-Haven Surge Lifts $XAU Above $4,600 as $XAG eyes Breakout.

Gold price started the new week on a strong track and hit an all-time high around above the $4,628 level in the last 24 hrs. However, the reason behind this huge rally can be attributed to the increasing safe-haven demand in the market. Moreover, expectations of a US interest rate cut were seen as another major factor boosting gold prices.

Silver is trading near $84.25 after a strong rally into the $85.66 resistance band, where multiple long wick candles now show hesitation. In the last 24 hours, Silver climed $86.