Gold Settles at Highest Level Since 2011

Gold prices surged on Wednesday, for the fourth session in a row, supported by increased demand for safe havens amidst rising tensions between the United States and China.

The yellow metal August futures settled higher by $21.2, or 1.2%, at $1,865.10 per ounce.

Similarly, silver prices rallied by 7.4% to close at their highest level in seven years, since September 2013.

Gold sport is currently trading at $1,864.88, up by 1.27% for the day.