A meteoric rise in gold…recording unprecedented levels

Gold prices continued to record unprecedented high levels today, Monday, after the latest data showed a slowdown in the pace of inflation in the United States.

By 1224 GMT, gold in instant transactions rose 0.6 percent to $2,244.89 per ounce, after reaching an unprecedented high level of $2,262.19 per ounce earlier in the session.

US gold futures rose 1.2 percent to $2,265.60 an ounce.

As for other precious metals, silver fell in spot transactions 0.4 percent to $25.06 per ounce.

Platinum fell 0.8 percent to $900.74 per ounce, and palladium fell 1 percent to $1,004.69.