Gold broke above $4,400 per ounce on Monday, while silver approached $70, as expectations of looser U.S. monetary policy and geopolitical tensions drove both metals to new record highs. Spot gold traded as high as $4,435.28, while silver hit $69.44, adding to huge gains this year.
"With precious metals making record prices so late in the year, when ordinarily one might have found time to write a Christmas card or two, perhaps the biggest takeaway is that investors have not treated the festive break as an occasion to take profits," Mitsubishi analysts said. Bullion has hit multiple record highs this year
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