Gold's record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China trade tensions.
LONDON/BENGALURU - Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China trade tensions.
Spot gold prices XAU=have surged 53% in the last 14 months, blowing past 2011’s record high of $1,920.30 an ounce to an all-time peak of $1,943 earlier on Monday. This has fuelled fears of inflation, which would typically devalue other assets, and has also lowered returns on government bonds, making gold more attractive.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold soars to all-time high as dollar dive adds fuel to record runGold prices jumped to record highs on Monday as an intensifying U.S.-China row hammered the dollar and cemented expectations that central banks would continue pumping out stimulus to ease the economic pain from a worsening coronavirus pandemic.
Weiterlesen »
Gold prices surge to record high amid coronavirus worries, U.S.-China tensionsGold prices touched record prices on Monday morning in Asia as worries over issues such as the coronavirus pandemic as well as U.S.-China trade tensions weighed on investor sentiment.
Weiterlesen »
Uncertainty pushes gold price to record $1,926 per ounceBEIJING (AP) — The price of gold surged to a record above $1,926 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the...
Weiterlesen »
Unusually, copper and gold prices are rising in tandemDuring downturns, gold usually climbs because it is safe and copper declines in line with activity. Why is this crisis different?
Weiterlesen »
Stay The Hell Away From GoldThe precious metal has a lousy long-term record both as a store of value and an inflation hedge.
Weiterlesen »
Shea Couleé Was Destined for Drag Race All Stars GoldShea Couleé brought inventive looks with rich backstories behind them to season five of RuPaulsDragRace. (Warning: Contains spoilers!)
Weiterlesen »