Gold prices top a nine-year high amid a gloomy outlook for the world economy, a decline in interest rates and rising tensions between the U.S. and China
Gold prices zoomed to a record for the first time in nine years Monday, as a weakening dollar injected new momentum into a rally driven by uncertainty about the world economy.
Futures contracts for delivering gold in August shot up 2% to $1,936.30 a troy ounce, topping the previous intraday peak of $1,923.70 from September 2011. The advance put gold futures on course to rise for the seventh consecutive trading day, which would be the metal’s longest winning streak since February.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
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 »
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 »
Gold prices could top $2,000 this year, analysts predictGold prices could surge beyond the $2,000 level this year as economic and geopolitical uncertainties lead to a rush for safer assets, analysts predicted.
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 »
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 »
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 »