Metal frenzy! Gold, silver, and copper all hit new highs, while platinum and palladium surged across the board.

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Driven by the Federal Reserve's interest rate cuts and ongoing geopolitical tensions, precious metals are once again surging in a frenzy.

After breaking through the $2000 threshold early Monday, spot platinum continued to soar, rising more than 5% during the day and quoted at $2085.95 per ounce. New York platinum jumped over 5% and has now surpassed $2100 per ounce.

Meanwhile, spot gold has crossed the $4400 mark, reaching a new all-time high.

Silver has also hit a historic new high, surging towards the $70 threshold.

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