Gold surged to record highs on Monday as growing tensions between the US and China fired up investor appetite for safe-haven assets. It was also helped by aggressive monetary easing across the world due to the pandemic.
The yellow metal rose 1.6 percent to $1,943 per ounce, surpassing a peak touched in September 2011. Silver also joined the rally, jumping 4.5 percent to its highest since September 2013 at $23.86 per ounce.
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