Gold Prices Rise and Silver Hits Highest Level in Eight Years

Gold prices rose on Monday, amid improved demand despite the U.S. Dollar (USD) showing rebound signs and rising across the board against major currencies.

The yellow metal futures for April delivery gained $13.6, or 0.7%, and settled at the level of $1,863.90 per ounce.

Meanwhile, silver futures for March delivery surged by $2.50, or 9.3%, to close at $29.418 per ounce.

This is the highest closing level for silver most active contracts since 2013.