The prices of gold and silver are nearing record levels due to the uncertain situation regarding the corona virus, and other factors. The us came out on Friday above the 1,900 us dollar (approximately 1.633 euros) per troy ounce and the silver price increased on a weekly basis, the most since 1987.
if The current level of gold prices is the highest in eight years. The recordstand of 1,921 dollars in september of 2011, is becoming more and more in the line of sight.
finally, The silver price has remained in the last period of time which lags behind that of gold, but is now fully involved with the progress. A troy ounce of silver will cost you 22,79 dollars, the highest price since may 2013.
According to an analyst of news agency Reuters, the advance into the uncertainties of the coronacrisis, and throw in the American-Chinese conflict, the additional oil on the fire. China, ordered on Friday the closure of the U.s. consulate in Chengdu, china, after the USA, the Chinese consulate in new york had to be closed.
In uncertain times, to search of investors for safe havens, and are doing precious metal, it is usually very good. This effect is reinforced by the weakness of the us dollar.