Gold reaches 8-year high as crisis extends

Monday, 18. May 2020 08:03

The price of gold in dollars advanced over 1% on Monday to reach the level last seen in January 2012, as extending coronavirus pandemic prompted investors to stick with safe-haven assets. Gold previously rose to new record-highs in euros two times, first in April and then in May.

Spot gold in dollars was up 1.18% at $1,763.94 per ounce at 2:00 pm ET, while in euros it gained 1.23% to reach €1630.99 per ounce.

A minute later, platinum increased 2.31% to $812.18 per ounce and palladium jumped 4.09% to $1,954.58. Spot silver surged 3.42% to $17.22 per ounce at 2:01 pm ET.

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