Post by : Bianca Suleiman
On Monday, the prices of gold and silver skyrocketed to all-time highs, reflecting a significant uptick in the precious metals sector.
Spot gold surged by 1.6 percent, reaching US$4,670.01 per ounce at 01:10 GMT, after briefly hitting an impressive peak of US$4,689.39 earlier in the session.
US gold futures set for February delivery also ascended, climbing 1.8 percent to settle at US$4,677 per ounce.
Silver prices saw an even more pronounced increase, with spot silver soaring 4.4 percent to US$93.85 per ounce, following a record high of US$94.08.
Additionally, other precious metals reported gains, with spot platinum up 1.9 percent at US$2,373.08 per ounce, and palladium rising 0.5 percent to US$1,809 per ounce.
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