The rally in precious metals has been driven by expectations of an interest rate cut by the Federal Reserve and a gold-buying boom by global central banks

Since the beginning of this year, the precious metals market has performed strongly, partly due to rising expectations of an interest rate cut by the Federal Reserve. The U.S. federal government is currently on shutdown, and the economy may be affected.
In addition, the global central bank's gold buying boom and the increase in gold ETF holdings have also contributed to the rise in precious metal prices.