While the pandemic year brought the biggest gains in 10 years for both safe haven gold and its metal counterpart, silver, the latter has managed to outperform bullion in 2020.
The yellow metal enjoyed a banner year driven by pandemic uncertainty, the weakness of the US dollar and low interest rates. After posting minor gains at the closing session of the year, gold booked around a six-percent rise for December. For the whole year, its price surged by nearly 25 percent to cap the best annual return since 2010.
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