Gold rates hit record highs! Prices hit $4,379.93 per ounce; US credit worries, China tensions fuel safe-haven rush

Gold and silver have reached unprecedented levels. Investors are flocking to safe havens amid worries about US credit and escalating US-China friction. Federal Reserve rate cut expectations are also fueling this rally. Silver has surpassed its 1980 record. Palladium and platinum have also seen significant gains this week.