Gold Price Surges to Highest Level Since June
The price of gold has surged to its highest level since early June, exceeding $4,550 for the first time since June 2. The rise was driven by a surprise announcement from the U.S. Treasury Department about liquidity support, which led to a decline in yields and the dollar. Gold futures rose 3.5 percent to $4,486.88 per ounce, while spot gold broke through the $4,500 level. Other precious metals also saw significant gains, with silver, platinum, and palladium rising by 3.69 percent, about four percent, and 2.8 percent respectively.11 sourcesSee all sources