Reported 3 days ago
Gold prices have surged past $3,300 an ounce, reaching a record high amid concerns over U.S.-China trade tensions and shifts in monetary policy. Spot gold hit $3,317.90 per ounce, driven by increased demand from central banks and a weakening dollar. Year-to-date, bullion has increased by about 26%, drawing parallels to historical price surges. Experts suggest that sustained buying pressure, particularly from ETFs, is accelerating this trend, with potential for prices to reach $3,500 soon.
Source: YAHOO