12/7/2020, 6:25 PM (Source: TeleTrader)
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Gold, silver reach 2-week highs on new restrictions

Prices of gold and silver jumped on Monday as governments across the world continued reassessing coronavirus-related restriction measures in response to the latest wave of the pandemic.

While Germany reportedly plans to impose stricter measures after Christmas, New York City is set to ban indoor dining if hospitalizations continue to rise at the existing rate.

Spot gold advanced 1.53% to sell for $1,864.66 per ounce at 12:24 pm ET, while silver soared 2.00% to trade for $24.66 an ounce. Both precious metals reached a two-week high. On the other hand, platinum tumbled 2.08% to $1,042.34 and palladium fell 0.35% to $2,346.75 a minute later.

Breaking the News / ND