Significant Increase in Spot Silver and Gold Prices, Gold Surges Above $4800/Ounce
Spot silver prices surged by 3.9% to reach $93.44 per ounce, while spot gold prices increased by 1.8% to $4,678.70 per ounce. Additionally, spot gold prices have surged by over 11% this month, breaking the $4800 per ounce mark for the first time in history. This significant rise represents a year-to-date increase of more than $480, highlighting increased investor interest and strong market dynamics in the commodities sector.