Driven by speculation, the scarcity of liquidity at the end of the year, market expectations for new rate cuts in the United States and the rise of geopolitical tensions, gold, silver and platinum hit historic highs on Friday.

Money surpassed $75, while gold and platinum hit record highs.

Spot gold rose 0.6% to $4,504.79 per ounce at 4:23am GMT, after reaching a record of $4,530.60 earlier today, while the futures contracts on American gold for delivery in February rose by 0.7% to 4,535.20 dollars. Gold has risen sharply this year, recording its biggest annual gain since 1979, fuelled by the relaxation of the Federal Reserve policy, geopolitical uncertainty, strong demand of central banks, the increase in ETF holdings and the de-dollarization in course.

Cash prices jumped by 3.6% to reach $74.56 per ounce, after reaching an all-time high of 75.14 dollars. Silver has jumped 158% since the start of the year, surpassing the nearly 72% rise in gold, due to deficits structural, from its inclusion on the list of American critical minerals and of strong industrial demand.

Spot platinum rose 7.8% for reach $2,393.40 per ounce, after reaching a peak history of $2,429.98 earlier today, while the palladium rose by 5.2% to 1,771.14 dollars, after reaching a peak in three years at the previous session.

Platinum and palladium, widely used in automotive catalytic converters, have seen their course explode due to a restricted offer, price uncertainty and a rotation of gold investment demand, as platinum has increased by around 165% and palladium by more than 90% since the beginning of the year