Gold is hovering near $4,100 and silver is rising to the highest level in history #Breaking
Gold prices jumped to a record high on Monday, supported by demand for Safe assets, amid renewed trade tensions between the United States and China, and expectations of lower interest rates in America, while silver also rose to its highest level ever.
The price of gold in spot transactions rose 1.5% to the highest level ever at $4,078 per ounce, by 05:38 GMT, and gold futures in the United States (December delivery) rose 2.3% to $4,093. per ounce.
In this context, Silverin spot transactions rose 2.7% to a record high of $51.70 an ounce, driven by factors similar to those that pushed gold higher.
The bank said "Goldman Sachs" On Sunday, he said that silver prices are expected to rise in the medium term due to private investment flows, but he warned of high near-term volatility and downside risks compared to gold.
In other precious metals, platinum rose 2.9% to $1,635 per ounce, and palladium gained 3.6% to $1,452.50 per ounce.
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