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Record rise in gold, silver due to demand for safe havens

[12/01/2026 07:29]

LONDON-SABA
The price of gold surpassed the $4,600 per ounce level for the first time today, Monday, while silver prices also surged to their highest level ever.

Spot gold rose about 1.3 percent to reach $4,568.49 per ounce, after the precious metal hit a new record of $4,600.33 earlier in the session.

U.S. gold futures for February delivery increased by 1.7 percent to $4,578.00.

Spot platinum rose 2.9 percent to $2,338.54 per ounce, after reaching its highest record level of $2,478.50 on December 29, while palladium also climbed 4.2 percent to $1,892.18 per ounce.