Gold, silver prices surge to record highs on Monday

The international market prices of gold and silver both reached record highs on Monday, driven by sustained safe-haven demand in global markets.

During the Asian trading session on Monday, the most actively traded February gold futures on the New York Mercantile Exchange surged more than 2 percent, topping 4,612 U.S. dollars per ounce to set a new intraday high. London spot gold also climbed above the 4,600-dollar mark per ounce, with gains exceeding 2 percent during the session.

March silver futures on the New York Mercantile Exchange rose more than 5 percent intraday, approaching 84 U.S. dollars per ounce. London spot silver jumped past 84 dollars per ounce, marking an intraday record high.

Gold, silver prices surge to record highs on Monday

Gold, silver prices surge to record highs on Monday

Gold, silver prices surge to record highs on Monday

Gold, silver prices surge to record highs on Monday

Marxist party leaders gathered for the 6th World Socialism Forum, which opened in Beijing on Tuesday, saying they appreciate the Communist Party of China (CPC)'s approach to advancing party self-governance.

At the fifth plenary session of the 20th CPC Central Committee that concluded on Oct 29, the CPC Central Committee adopted a resolution on persevering with full and rigorous Party self-governance, stressing the need to maintain a tough stance against corruption and strengthen checks on and oversight over the exercise of power.

The plenum also called for fortifying the cultural-ethical foundations for championing integrity and disdaining graft, and enhancing coordinated efforts to ensure that officials do not have the audacity, opportunity, or desire to commit corruption.

"It's a question of dealing with its problems, preventing bureaucratization and preventing corruption. It has to win the trust of the people and keep that trust. To maintain that trust, it's necessary to reform itself," said Vinod Moonesinghe, a political bureau member of the Communist Party of Sri Lanka.

Some forum participants also shared their insights on how the CPC's experience could contribute to broader global development.

"Many nations in the Global South are under control of imperialist and colonialist power. China, with its stability, gives also them the possibility to liberate themselves and to give to this Global South nations the possibility to develop themselves and to become independent not only economically but also politically," said Massimiliano Ay, general secretary of the Communist Party of Switzerland.

Marxist party leaders praise CPC's approach to self-governance