Gold and Silver Hit New Highs for Second Day, May Continue Rising

• Gold February futures settled at $4,505.70 (up 0.8%) while March silver futures jumped 4.46% to $71.62 per ounce
• David Neuhauser of Livermore Partners suggests metals remain under-owned and could continue rallying as protection against currency debasement from exploding global debt
• Both metals are benefiting from their traditional role as safe-haven assets during economic uncertainty and as inflation hedges

Gold and silver futures hit fresh record highs for the second consecutive day, with February gold delivery settling 0.8% higher at $4,505.70 after reaching an intraday record of $4,530.80 per ounce. Spot gold traded at $4,491.23, up 1.03%. Silver showed even stronger gains, with March futures advancing 4.46% to $71.62 per ounce, while spot silver climbed 3.51% to $71.4449, crossing the $70 threshold for the first time.

The precious metals rally has been driven by multiple factors, including growing concerns about a potential AI bubble and uncertainty surrounding the next Federal Reserve chair appointment looking toward 2026. These uncertainties have bolstered gold's traditional role as a safe-haven asset and hedge against economic and geopolitical risks.

David Neuhauser, CIO at Livermore Partners, expressed bullish sentiment on gold's trajectory, suggesting it could potentially reach $6,000 per ounce. He attributed the broad metals rally to historical under-ownership and increasing concerns about exploding global debt levels. According to Neuhauser, investors are seeking assets that can defend against currency debasement, driving sustained demand for precious metals.

The current price movements represent significant milestones for both metals, with consecutive days of record-breaking performance. Market analysts view this trend as potentially sustainable, given the confluence of macroeconomic uncertainties and the defensive positioning by investors seeking protection against monetary risks. The strong performance across both gold and silver suggests broad-based precious metals strength rather than isolated movements.