Gold futures surged over 1% as investors awaited the Federal Reserve meeting minutes and delayed U.S. jobs report for clearer signs on the future of interest rate cuts. Key support levels were noted near 3,997, 3,981 (the 50-day moving average), and 3,950. Resistance remains at the November 13th high of 4,250. Rate cut expectations have declined for December but are increasing for January, with the CME FedWatch Tool showing a 46.6% probability of a 25 basis point cut in December. Silver futures rallied more than 2%, driven by widespread strength in the metals complex and increased investment demand. Declining interest rates are a key factor contributing to the recent rise in industrial metals. Looking ahead, a potential recovery in the global economy and strong investment demand could propel Silver futures over the all-time high toward the $60 mark by 2026.