https://www.moneymetals.com/precious-metals-charts#what-happened-in-2011-to-increase-gold-and-silver-prices –Gold prices hit an all-time high of $1,900/oz. in August 2011. Earlier that year, silver ran up to just shy of $50/oz. The precious metals surged as a consequence of Federal Reserve Quantitative Easing programs, rising inflation fears, and a spike in investment demand for physical bullion.
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