Reported about 1 month ago
Gold prices have surged to a new record level of over $2,700 per ounce, driven by increasing haven demand due to tensions in the Middle East and uncertainty surrounding the upcoming US presidential election. After a strong four-day rally, gold saw some profit-taking but remains up over 30% this year. Analysts suggest that geopolitical concerns and potential US interest rate cuts have significantly contributed to this surge, with expectations that gold futures could average $3,000 in late 2025.
Source: YAHOO