Gold Near Record High as Mideast, US Election Drive Haven Demand
Gold climbed to a fresh record as the approaching US election and conflict in the Middle East boosted haven demand.Bullion hit an all-time high of $2,748.36 an ounce, topping Monday’s record. Traders have flocked to the market amid a tight US presidential vote and persistent concern that violence in the Middle East may escalate into a wider war.
Gold's allure spreads as bulls lock in on fresh records
Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and favorable macro backdrop attract more investors.
'New bullish phase'? As gold hits another high, analysts say more records are in sight
Gold is now in a new bullish phase after prices hit a record high, said Sprott Asset Management, echoing other bullish calls for the bullion to scale new highs.
Gold on pace for another record high — already hitting most since 1979, chart shows
Gold was rising on Monday, on pace to potentially clinch another record high as the yellow metal continues its tear this year, according to Bespoke Investment Group. “It’s been an amazing year for gold,
Gold Hits Fresh Record on Mideast Fears and Election Uncertainty
Gold extended its rally to a fresh record high, amid tensions in the Middle East and as traders looked toward the US presidential election.
Gold Futures Rise to New Record Despite Strong Dollar
Gold futures rose, and the precious metal’s prices have once again begun trading higher in tandem with higher Treasury yields and a stronger dollar, JPMorgan said.
Gold hits another high in record-setting rally amid global uncertainties
Gold hit a record high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle-East tensions and interest rate cuts by major central banks, while silver scaled a near 12-year peak.
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In a Rare Candid Moment, Three Central Bankers Talk Up Gold
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A dazzling new gold rush is under way. Why?
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Gold's Stars Continue To Align
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Gold is the 'last safe haven' as Treasurys face risks from soaring US debt, Bank of America says
Bank of America strategists see 11% upside for gold by the end of next year as the Treasurys are threatened by soaring US ...
Central banks remain keen buyers of gold, representatives tell bullion conference
Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of ...
The gold rush: How Iranians are paying up to 30% more for their gold coins
Amid rising tensions in the Middle East and the threat of Israeli retaliation, Iranians are scrambling to protect their ...
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Why some central banks have been buying more gold
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Bankers explain why central banks are boosting gold reserves
Historically, central bankers haven’t been a chatty lot. There are numerous reasons for this, including the fact that they don’t want their words to have an outsized impact on financial markets.
Why are gold prices hitting record highs?
The price of gold climbed to an all-time high on Friday as uncertainty about conflict in the Middle East and the U.S.
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Russia’s Central Bank to Acquire Silver Reserves
Russia’s Draft Federal Budget for the coming year includes plans for the nation’s central bank to continue adding gold, ...
Why the west should be paying more attention to the gold price rise
Gold’s “all-weather” characteristic signals something that goes beyond economics, politics and higher-frequency geopolitical ...
Asian markets mixed as traders digest China rate cut
Asian markets started the week on a mixed note Monday as traders weigh Chinese central bank interest rate cuts aimed at ...