Gold extends record, silver jumps to 12-year high as precious metals outperform stock market
Gold and silver prices continued to rise on Monday, with gold futures reaching near-record highs of $2,750 per ounce and silver briefly hitting $34 per ounce, the highest in 12 years.
Gold is up 26% and silver 35% year to date, outperforming the S&P 500’s 19% gain.
Central banks’ record gold purchases and increased investor interest in gold-backed ETFs have driven the surge, Yahoo Finance has reported.
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