FXstreet.com (Córdoba) - Gold price soared over $15 on Tuesday, underpinned by risk aversion on concerns over the Chinese economy and lingering fears over debt contagion in Europe.
Gold rose to $1511.10 an ounce in recent trade, and it is currently quoting at $1509 an ounce, where it is 0.87% higher on the day. The yellow metal is recovering ground for second day after bottoming out near $1478 last Friday, setting a 6-week low.
Silver has risen over $1 to levels above $35 an ounce and at time of writing it is at $35.10, 3.30% above its opening price. The high has been $35.16 so far.
