Prices for gold and silver futures climbed sharply on Monday, with silver posting a standout gain, as geopolitical worries prompted a move into assets perceived as safe havens.

The gold futures for February delivery on the New York Mercantile Exchange settled at 4,451.5 U.S. dollars per ounce, up 2.82 percent from the previous session. The silver futures for March surged 7.94 percent to close at 76.657 U.S. dollars per ounce.