Gold, Silver Continue To Hit Record Highs

New York: Gold prices jumped to a new record high Monday, as escalating geopolitical tensions boosted demand for safe-haven assets, while silver and platinum also climbed to their highest levels ever.

Spot gold rose 2.3 percent to $5,096.60 an ounce, after hitting an all-time high of $5,110.50 earlier in the day.

US gold futures for February delivery also rose by the same amount to $5,094.30 an ounce.

Meanwhile, spot silver climbed to a new high of $112.38 an ounce.

As for other precious metals, platinum rose 3.7 percent to $2,870.65 an ounce, after hitting a record high of $2,918.80 an ounce, and palladium gained 6.2 percent to $2,133.75 an ounce, after touching its highest level in more than three years earlier.

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