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Gold and Silver Smash Records Again as Rally Gathers Momentum
Gold, silver and platinum jumped to all-time highs to extend a historic end-of-year rally for precious metals, with support from escalating geopolitical tensions and US dollar weakness. Spot gold rose as much as 1.2% to a peak above $4,530 an ounce. Frictions in Venezuela, where the US has blockaded oil tankers and ramped up pressure on the government of Nicolás Maduro, have added to the precious metal’s haven appeal. Washington also launched a military strike against Islamic State in Nigeria in collaboration with the African nation’s government. Spot silver for immediate delivery advanced for a fifth session, ... (full story)