The price of gold in spot trading soared to levels never before reached, today exceeding $5,500 an ounce, and continued to soar as investors flocked to safe-haven assets, with silver also hitting record highs.
Gold price increased by (2.9)% to $(5554.76) per ounce after earlier reaching $(5591.61).
The price broke through the $5,000 barrier for the first time on Monday and rose more than $500 within four sessions.
Among other metals, silver rose (1.5)% to $(118.36) per ounce after previously hitting an all-time high of $(119.34).
Platinum rose (0.1)% to 1 oz ($2,697.54) after hitting a record high ($2,918.80).
Palladium rose (0.5)% to ($2,091.15 per ounce).
The price of gold in spot trading has soared to unprecedented levels, today exceeding $5,500 an ounce, and continues to soar as investors flock to safe-haven assets, while silver also hit record highs.
Gold price rose (2.9)% to ($5,554.76) per ounce after earlier reaching ($5,591.61).
Prices broke through the $5,000 barrier for the first time on Monday, rising more than $500 in four sessions.
Among other metals, silver rose (1.5)% to ($118.36) per ounce after previously hitting an all-time high ($119.34).
Platinum rose (0.1)% to ($2,697.54) per ounce after reaching a record level ($2,918.80).
Palladium rose (0.5)% to ($2,091.15 per ounce).
