Weekly Comic: Gold, Silver Surge To Highest In Years Amid Flood Of Stimulus
Investing.com
Published Jul 25, 2020 14:02
By Jesse Cohen
Investing.com - Gold prices scored their best weekly gain in three months, with prices of the yellow metal breaking above the $1,900-mark for the first time since September 2011 on Friday.
Gold futures for August ended up $7.50, or 0.4%, at $1,897.50 per ounce on New York’s Comex.
It earlier rose to a session high of $1,904.60, its strongest level in nine years, when gold hit a record high of $1,923.70 on September 6, 2011.
Silver jumped over 15% for the week, its best since 2008, bolstered by hopes for a revival in industrial activity.
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