Gold Market Update

Gold prices rallied on Monday, adding on to last week’s 2.5% advance as the volatility that has gripped the stock markets showed no sign of calming.

By midday in East Asia, gold for February delivery GCG5, +0.21%  was higher by $10.60, or 0.9%, at $1,226.70 an ounce, while March silver SIH5, +1.15% climbed 16 cents, or 1%, to $16.58 an ounce.

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