Editor’s Note
This article highlights the current surge in precious metals, with gold and silver reaching new highs. The momentum reflects broader market trends and investor sentiment.
Precious Metals Market Sees Breakout Momentum
The precious metals market continues to witness breakout momentum, with both gold and silver hitting new highs during the trading session.
Gold and Silver Price Updates
According to the latest report on February 20, the spot gold price touched $5,060 per ounce, recording a daily gain of 1.29%.
Simultaneously, the spot silver ($XAG) price also rose by 4.00%, reaching $81.62 per ounce, while New York silver futures increased by 5.00%, reaching $81.55 per ounce.
Market Context and Investor Consideration
Data is insufficient to verify the volatile reasons behind the strong price increases of these assets in the market.
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