<h1>Record gold and silver prices spur dealer compliance risks, valuation challenges, and regulator scrutiny amid dollar weakness and funding concerns</h1> Gold and silver reached record local prices amid a weak dollar and expectations of US rate cuts, with bullion markets citing potential US government funding uncertainty as a volatility trigger. The price spikes and intraday reversals underscore heightened market risk and potential compliance issues for dealers, including valuation, reporting and margining obligations, consumer disclosure and anti-money-laundering vigilance. Importers and traders face increased cost and hedging exposure, while regulators may need to monitor market conduct and liquidity to protect investors and ensure orderly markets amid cross-border macroeconomic and political developments.