News

Gold is once again attracting investors seeking safe-haven assets. Markets have been unsettled by U.S. intervention in Venezuela, followed by the capture of Nicolás Maduro.
Prices are sharply higher in today’s trading, with spot gold up 2.4% at $4,432.12 per ounce.

[Source: Teleborsa]

A new rise for the ultimate safe-haven asset, which, after a decline in yesterday’s trading, has once again been influenced by geopolitical and economic turmoil. Following a rebound of 0.8%, spot gold reached $4,365.86 per ounce.
This year’s gold rally has been the strongest since 1979.

[Source: Market screener]

Silver reached a new all-time high, touching the record level of $84 per ounce in today’s trading. The white metal has posted a gain of +160% since the beginning of the year, driven in recent days by export restrictions announced by China. As the Asian giant controls around 60–70% of global silver exports, analysts are predicting a supply crisis in a market that is already in deficit.

[Source: Milano Finanza]