What Was the Highest Price for Copper? | How it Happened
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Commodities Year Ahead: Metals Seen Up Again After Copper, Gold 2020 Rally
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As the US dollar strengthened and vaccines began to be administered and shipped, the yellow metal faced volatility this week.
The gold price ticked higher early in the week, climbing above US$1,850 per ounce for the first time since late November. But as the US dollar strengthened and vaccines began to be administered and shipped, the yellow metal faced volatility.
Edging to a weekly high of US$1,872 on Tuesday (December 8), the metal shed 2.5 percent over the next 24 hours, but remained above the US$1,800 level to trade for US$1,825.
Gold climbed on Wednesday (December 9) as a US coronavirus relief package continued to be delayed.