Editor's PiCK
Gold and silver hit fresh record highs again…gold tops $5,200, silver breaks $110
Korea Economic Daily
Summary
- International spot gold prices hit an all-time high after breaking above $5,200 per ounce for the first time.
- A leading safe-haven asset, gold rose 65% over the course of last year alone on dollar weakness concerns and heightened geopolitical tensions.
- International spot silver prices also climbed above $110 per ounce, trading at $113.49 to mark a record level.
International spot gold prices surpassed $5,200 per ounce for the first time ever. Spot silver prices also broke through $110 per ounce.
According to Bloomberg, as of 11:05 a.m. on the 28th, spot gold was trading at $5,205.97 per ounce.
A benchmark safe-haven asset, gold surged 65% over the course of last year alone, driven by hedging demand amid concerns over dollar weakness and heightened geopolitical tensions.
Spot silver prices also rose above $110 per ounce. As of 11:05 a.m. the same day, international spot silver stood at $113.49.
Seul-kee Lee, Hankyung.com reporter seulkee@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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