Hot Commodities: Silver rallies to 14-year high; Fed policy bets lift prices

Silver futures spiked $42 per ounce on Tuesday, marking the strongest level since 2011, as investors priced in higher chances of Fed rate cuts. The dollar index climbed past 97.8, with traders awaiting Friday?s payrolls and other labor data that could steer policy direction. Fed?s Mary Daly said the central bank stands ready to ease if job market risks intensify, though inflation from tariffs may prove temporary. Uncertainty over US trade policy and Fed independence spurred safe-haven demand, further lifting prices. On MCX, December contracts struck a record of ₹125249 per kg, while global prices advanced over 2% to $41.65 as overseas markets reopened after the holiday break.

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