Gold crosses $4,900/ounce for 1st time, silver continues record rally in international market

Gold crossed $4,900/ounce for the first time in the international market on Thursday amid geopolitical tensions, a softer US dollar and US Federal Reserve interest rate cut expectations, Reuters reported. Spot gold climbed to a peak of $4,917.65/ounce. Meanwhile, silver and platinum continued their record-setting rally, with spot silver surging to $96.58/ounce and spot platinum to $2,601.03/ounce.