Gold Posts Largest Daily Dollar Move on Record

Gold futures, per the COMEX December contract, rallied to a new record high of $1,723.40 per ounce on Monday as investors continued to seek shelter in the yellow metal.

COMEX gold settled at a new closing high of $1,713.20, representing a gain of 3.7%, or $61.40 per ounce. This marked the largest ever single-day increase for gold futures in nominal dollar terms.

Silver futures climbed alongside the yellow metal, rising $0.67, or 1.7%, to $38.88 per ounce.

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