Graphic: kitco.com

Gold price rose to a record high this morning at US$1,944 per ounce, beating 2011’s previous peak of US$1,921. The trend is far from over as global concerns grow about a Covid-19 resurgence, and it’s pushing the metal closer to the US$2,000 threshold. Silver also is trending upwards, as last week price climbed to $24.21 per ounce, the metal’s highest price since 2013. Consequently, the stock value of the main mining companies developing gold projects in Chile and the rest of the region have also risen this morning: Both Yamana and Barrick Gold are closing with 4% increases at the NYSE, and Golfields, owner of the Salares del Norte project, is up almost 10 points at the Johannesburg Stock Exchange.

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