Reported about 5 hours ago
Gold prices soared to a record high of $3,436.01 per ounce as fears surrounding the US dollar's weakness and ongoing trade tensions drove investors towards safe-haven assets. Criticism of the Federal Reserve by President Trump and the potential impact on monetary policy raised concerns about the dollar's credibility, prompting increased demand for gold. Notably, Goldman Sachs predicts further increases in gold prices, potentially reaching $4,000 per ounce by mid-next year.
Source: YAHOO