Gold and silver prices are strongly up and both hit new record highs in early U.S. trading Monday. Risk aversion is significantly elevated in the marketplace to start the trading week, amid tumult in the Federal Reserve and civil unrest in Iran that are driving safe-haven demand to the precious metals markets. February gold was last up $98.30 at $4,599.30. March silver prices were up $4.849 at $84.205.

Jim Wykoff