Gold surges more than 1% on global turmoil — but silver rises more

Following the drone attacks on Saudi Arabia's oil facility the price of gold increased. This was because investors flocked to gold as a safe haven-asset. Due to the attacks there was a 1.27% increase in Spot gold to $1,507 and a 0.83% increase in US gold futures to $1,512. Usually when the market is doing poor investors will put their money into gold because of its relatively stable prices, hence why it's called a safe haven investment. Not only did gold have a price increase but so did silver, it rose 2.96% to $17.94 an ounce. On another note many fear that there is another financial crisis looming and it times of economic downturn many investors like to put their funds into gold.

https://www.cnbc.com/2019/09/16/gold-surges-more-than-1percent-on-global-turmoil-but-silver-rises-more.html