Gold and Silver Smash Records Again as Rally Gathers Momentum

Gold, silver and platinum jumped to all-time highs to extend a historic end-of-year rally for precious metals, with support from escalating geopolitical tensions, US dollar weakness and thin market liquidity. Spot gold rose as much as 1.2% to a peak above $4,530 an ounce on Friday. Spot silver for immediate delivery advanced for a fifth session, climbing as much as 5% to cross $75 an ounce. Most Read from Bloomberg Frictions in Venezuela, where the US has blockaded oil tankers and ramped up pressure on ...