Gold jumps to the highest level since September 2011 and silver records a 4-year high

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Gold jumps to the highest level since September 2011 and silver records a 4-year high

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Gold jumps to the highest level since September 2011

Gold prices jumped during trading, on Monday, to their highest level in about 9 years, while silver recorded the highest level in 4 years.

The prices of the precious metal rose after the large increase in the number of cases of “Covid-19”, and the growth of hopes for more stimulus measures, increased the demand for safe havens.

By 16:00 GMT, the price of gold in spot transactions was up 0.4 percent at $ 1816.10 an ounce after touching earlier $ 1820.06, the highest level since September 2011.

Silver jumped 2.4 percent to $ 19.76 an ounce after hitting the highest level since September 2016 at $ 19.81 with increased flows to safe havens.

Source: Reuters



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