Gold jumps more than 5%

Gold futures for April delivery on the COMEX, a division of the New York Mercantile Exchange, rose by more than 5%.

According to trading data cited by Report, gold was priced at $4,856.1 per troy ounce in morning trade.

The rally later accelerated to 5.53%, pushing prices up to $4,910 per troy ounce.

Silver also surged, gaining 10.6% to reach $85.17 per troy ounce.