Gold and silver prices reached unprecedented highs as investors sought safe-haven assets amid global uncertainty and expectations of further Federal Reserve interest rate cuts. Simultaneously, Tokyo's Nikkei 225 index led gains in Asian markets after the Japanese government approved a record defense budget of over 9 trillion yen.Stephen Innes of
SPI Asset Management noted that precious metals provide stability during political turmoil, while market trading volumes remained light due to ongoing holiday closures.
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