Silver tops $21 per ounce, gold hits 9-year high21 Jul 2020 17:25
Precious metals jumped on Tuesday with the price of silver topping $21 per ounce for the first time since 2016, while gold reached its highest level in nearly nine years as investors' optimism over a potential treatment for coronavirus increased with a massive industrial rebound on sight.
Preliminary research for coronavirus vaccine developed by the Oxford University and AstraZeneca showed an immune response in humans and "an acceptable safety profile."
Silver soared 5.51% to sell for $21.01 per ounce at 8:26 am ET, while gold added 1.10% a minute later, going for $1,838.54 per ounce. The price of palladium jumped 3.99%, trading at $2,132.75 per ounce at 8:28 am ET, and platinum gained 2.21% at the same time to go for $868.90 per ounce.
Breaking the News / GA