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Aug. 4, 2020, 11:25 a.m. EDT

Gold prices surge midday Tuesday to reach an intraday record above $2,013; Silver jumps nearly 5%

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By Mark DeCambre

Gold prices rallied to a fresh intraday record late-morning Tuesday, propelled by continued appetite for precious metals amid the COVID-19 pandemic. December gold /zigman2/quotes/210039572/delayed GCZ20 -0.25% was up $27.50, or 1.3%, at $2,013.60 an ounce, at last check. Meanwhile, silver prices for September delivery /zigman2/quotes/210318628/delayed SIU20 +1.04% , the most-active contract, were also buoyant, up 4.7% at $25.56 an ounce. The Tuesday jump for gold and silver--a steady climb for both commodities in recent weeks--comes amid a persistent concern about the economic implications of the pandemic that has created uncertainty about the landscape for global markets and economies, with governments and central banks forced to roll out a raft of fiscal and monetary stimulus to limit the damage to business activity.

Read the full story:
Gold prices stage record run above $2,000 mark as U.S. dollar and bond yields recede

US : U.S.: Nymex
$ 1,957.10
-5.00 -0.25%
Volume: 174,242
Sept. 18, 2020 4:59p
US : U.S.: Nymex
$ 27.31
+0.28 +1.04%
Volume: 160.00
Sept. 18, 2020 5:44a

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