Precious Metals Futures and Stocks Skyrocketed in Tandem

Driven by positive factors such as the continued increase of gold reserves by central banks of various countries, precious metal futures stocks rose together.

The precious metals sector led the gains at the opening on April 6. As of 9:55 a.m., the precious metals led the gains with a 3.92% increase.

COMEX surged on April 5 to the highest since March 9 2022 and stood at $2,049.2/oz. This is also close to the record high of $2089.2/oz hit on August 6, 2020.