The prices of precious metals continued to grow on Monday, with gold and silver going up over 2% and 6%, respectively. The mayhem in the financial sector continued to rattle the markets, with worries over the future of the global economy mounting. Investors seemingly turned to traditional safe havens as the value of the United States dollar depreciated.
Gold surged 2.25%, to go for $1,909.41 per ounce at 10:48 am ET, reaching its highest value since early February. Silver skyrocketed 6.06%, selling at $21.75 per ounce a minute later and hitting an almost 3-week high. Platinum jumped 3.47% to $996.96 per ounce at 10:49 am ET. Palladium soared 4.28%, to go for $1,439.56 per ounce concurrently.
