Gold, Silver Extend Surge to Multi-Year Highs on Virus, Stimulus

(Bloomberg) — Precious metals are shining, with both gold and silver hitting multi-year highs on the back of persistent concerns over the coronavirus and the outlook for further economic stimulus worldwide.Gold futures surged to an almost nine-year peak and silver touched the highest since 2014 after Hong Kong reported additional cases of the virus and new infections in the Australian state of Victoria surged, fueling demand for haven assets. European Union leaders agreed on an unprecedented stimulus package to pull their economies out of recession. Silver, used in manufactured products ranging from solar panels to electronics, is getting an added …read more

Source:: Yahoo Finance

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