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

Airbus on Wednesday delivered the first aircraft assembled at its new Final Assembly Line (FAL) for A320 family aircraft in the northern Chinese port city of Tianjin, the second of its kind in both China and Asia.

The delivery represents a major milestone in Airbus' industrial footprint expansion in China and across its global industrial system, the company said.

China Eastern Airlines took delivery of the A320neo aircraft. Currently operating the largest Airbus fleet in the Chinese mainland, the airline in 1985 took delivery of an A310, China's first Airbus aircraft.

Last October, the second Final Assembly Line for A320 family aircraft in Tianjin officially commenced production, with both assembly lines running simultaneously. The Tianjin Port has upgraded its unloading capacity and logistics efficiency to receive major components shipped from Europe via sea freight for assembly.

"For oversized and out-of-gauge components such as Airbus fuselages and wings, we developed customized handling plans utilizing specialized lifting frames, slings, and rotatable lifting gear. We also assigned dedicated personnel to closely monitor the quay crane operations, ensuring the Airbus final assembly line maintains a steady production pace and solidifying the maritime logistics support needed to ramp up capacity for the Airbus Tianjin Final Assembly project," said Yu Cheng, deputy manager of the Operations Department of Tianjin Port Pacific International Container Terminal Co., Ltd.

Airbus delivers first aircraft from its new assembly line in China