Gold prices are on track for the best annual performance in four decades as prices surpassed $4,400 per ounce to kick off the trading week. Silver joined the rally.
Gold prices increased by $75 per ounce, or 1.7 percent, to $4,462.30 per ounce on Dec. 22—a fresh intraday record—on the COMEX division of the New York Mercantile Exchange.
The yellow metal is coming off a weekly gain of around 2 percent and is up 69 percent year to date. This represents the largest annual increase for the precious metal since 1979.
Silver, the sister commodity to gold, topped $69 for the first time. The white metal climbed $1.58 per ounce, or 2.34 percent, to $69.07 per ounce….