Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance.

Gold prices surged to ₹78,250 per 10 grams in Delhi, up ₹400, influenced by strong global markets. Silver prices reached ₹94,000 per kg, with industrial demand contributing to the rise.

The silver price reached its highest level since 2012, driven by expectations of additional interest rate cuts from the Federal Reserve, boosting demand for precious metals. The white metal climbed as much as 2.

Nate Silver, the statistician and founder of the polling aggregator FiveThirtyEight revealed that there is one thing that would make him vote for former President Donald Trump. Silver said he would voter for Trump if Vice President Kamala Harris was going to ban poker.

Harris, Trump neck-and-neck in WH race. There is a deadlock between Harris and Trump for support in four of these battleground states -- Arizona, Nevada, Pennsylvania, and Wiscons