During the Asian trading session on the 20th, international precious metal prices continued their ascent, driven by heightened investor demand for safe-haven assets following US threats to impose additional tariffs on several European nations. The price of New York gold futures surged past $4,700 per ounce during the day, while silver futures reached a peak of $94.75 per ounce, setting new intraday record highs for both metals.
As of 13:40 Beijing time on the 20th, the most actively traded February gold futures contract on the COMEX was quoted at $4,710.11 per ounce, marking a significant gain of 2.5%. Similarly, the most active March silver futures contract was priced at $94.42 per ounce, soaring by 6.64%.
