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FILE | Gold bullion is displayed.
Gold has risen to over $4500 dollars per ounce on Friday, rising by 6%.
At the close of the markets on Christmas Eve, gold was trading at $ 4486 and platinum at $2289 per ounce.
According to Reuters, gold has staged a strong rally this year, recording its biggest annual gain since 1979, fuelled by Federal Reserve policy easing, geopolitical uncertainty, strong central bank demand, rising ETF holdings, and ongoing de-dollarisation.
Silver
Silver surged past $75 an ounce for the first time, propelled by strong industrial and investment demand, persistent supply shortfalls, its recent designation as a United States (US) critical mineral, and a wave of momentum-driven buying.
Spot silver has climbed over 150% year-to-date, significantly outpacing gold’s gain of more than 70%.
