Gold and silver, why are they soaring?

Sina Financial News The domestic and foreign gold markets are still in full swing, and there does not seem to be a “cooling” trend. On April 3, the international gold price once again broke through a record high, and the COMEX June gold futures hit an intraday high of $2308.8 per ounce, rising for seven consecutive trading days. The main Shanghai gold futures contract 2406 went all the way up after the opening, closing up 1.87%. A number of gold concept stocks in the A-share precious metals sector closed the daily limit. In addition, the retail price of pure gold jewelry in China has also exceeded 700 yuan/gram. Industry insiders said that monetary policy, geopolitical factors, safe-haven investment demand, downstream demand growth and other reasons have prompted silver prices to remain high. Market analysts remain bullish on the later trend of silver prices.

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