Gold and silver prices climbed to their highest levels in three months, as U.S. economic worries continued to weigh on the dollar and boosted prices for precious metals.
April Gold for delivery rose for an eighth consecutive session to close at $1,318.60 an ounce on the Comex division of the New York Mercantile Exchange, up $18.50, or 1.4%. It was the highest close for the most actively traded contract since Nov. 6. Gold for February delivery also rose 1.4%, to settle at $1,319 an ounce.
Silver prices posted even greater gains, with the contract for March delivery rising $1.02 to $21.42 an ounce, a price unseen since Nov. 8. The 5% rise was silver’s biggest one-day percentage gain since Sept. 19. Silver for February delivery rose to $21.411 an ounce.
