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Gold hits new record highs, silver hovers near historic peaks
Gold and silver prices rose during Monday’s trading, with both precious metals continuing to shatter record levels.
This came as investors flocked to safe-haven assets amid heightened geopolitical concerns, after US President Donald Trump announced last week the imposition of a blockade on all sanctioned oil tankers entering or leaving Venezuela.
CNBC reported, citing sources familiar with the matter, that President Trump may announce his nominee for Federal Reserve chair by early January.
US stock and bond markets on Wall Street are set to close this coming Thursday, as the United States and several countries around the world observe the Christmas holiday.
Meanwhile, the dollar index fell 0.3% to 98.3 points as of 20:18 GMT, after touching a high of 98.7 and a low of 98.2.
In market trading, spot gold surged 1.9% to $4,470.6 per ounce as of 20:19 GMT.
Spot silver also rose 1.9% to $68.40 per ounce, after hitting a fresh record high of $69.44.
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