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Gold and silver prices soar to new highs as the yellow metal reemerges as a hedge
Gold and silver prices soared to new highs on Monday. Gold was last seen at a record $4,445.8 per ounce while spot gold was last trading at $4,414.99. Prices are up nearly 70% since the start of the year. The metal has soared this year, smashing consecutive price records as risk assets lost ground. Gold is typically viewed as a safe haven asset in times of economic or geopolitical turbulence. Silver typically tracks gold, and was last seen at a record $68.96 per ounce while spot silver was last trading at $68.98. Prices have gained 128% since the start of the year. While markets received their much-expected interest ... (full story)
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