Post by : Bianca Haleem
On Monday, gold and silver prices experienced a remarkable surge, marking significant levels in the precious metals sector.
Spot gold reached US$4,670.01 per ounce, rising 1.6 percent as of 01:10 GMT, following a peak of US$4,689.39 earlier in the trading period.
Meanwhile, US gold futures set for February delivery climbed 1.8 percent, now trading at US$4,677 per ounce.
Silver witnessed an even steeper ascent. Spot silver increased by 4.4 percent to US$93.85 per ounce, having previously touched US$94.08, a record high.
Gains were not limited to these metals; spot platinum was up 1.9 percent at US$2,373.08 per ounce, while palladium saw a modest increase of 0.5 percent, reaching US$1,809 per ounce.
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