A worker removes cooled 12 kilogram gold ingots from molds in a foundry. Photographer: Andrey Rudakov/Bloomberg
Bloomberg
Gold, silver and platinum jumped to all-time highs on Friday to extend a historic end-of-year rally for precious metals, with support from escalating geopolitical tensions and the weakness of the US dollar.
Spot gold rose as much as 1.2pc to a peak above $4,530 (€3,842) an ounce. Frictions in Venezuela, where the US has blockaded oil tankers and ramped up pressure on the government of Nicolas Maduro, have added to the precious metal’s haven appeal.
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