Reported 1 day ago
Gold surged to a record high of over $3,200 per ounce, marking its best week since 2020 amid growing uncertainties in the US market fueled by escalated trade tensions between China and the US. The declining confidence in US assets prompted investors to seek safer options, resulting in significant gains for gold and a drop in bonds and the dollar. This week's events have pushed gold futures up by approximately 24% year to date, reflecting escalating fears of recession and the impact of tariffs on economic stability.
Source: YAHOO