8/13, 4:19 PM (Source: TeleTrader)
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Gold, silver rise amid Delta strain concerns

Prices of precious metals increased on Friday, with gold gaining over 1%, and silver jumping more than 2% as the investors' interest in the so-called safe-haven assets was reheated amid worries over the spread of the COVID-19 Delta variant.

While United States' top epidemiologist Dr. Anthony Fauci asserted that a booster shot of a coronavirus vaccine will be a necessity for almost everybody around the globe, German Health Minister Jens Spahn reportedly fears that the virus containment measures need to remain in place until the spring of 2022.

Gold climbed 1.68% to $1,773.14 at 10:17 am ET, while silver jumped 2.62% to $23.79 at the same time. Platinum increased by 0.72% to $1,030.32 an ounce a minute later, while palladium concurrently moved up by 1.34% to $2,662.80.

Breaking the News / BU