Gold and Silver Rally on Second Day as Fed Rate Cut Outlook Fuels Commodity Surge (GC=F, SI=F)

Gold futures (GC=F) near $5,000 and silver (SI=F) up 8% on a second consecutive day as investors buy the dip after a volatile pullback. The U.S. dollar resumed its slide, supporting commodities and making dollar-denominated bullion cheaper abroad. Goldman Sachs projects gold could reach $5,400/oz by year-end 2026, citing central bank accumulation and potential strong private sector ETF purchases. JPMorgan forecasts gold to reach $6,300/oz by year-end, with a floor of $75–$80/oz for silver, which fell over 30% last week amid tight London market supply. YTD, gold is up about 14% and silver about 16%.