12 Jan Gold @ $4,600/ounce
(Oilandgaspress) The price of gold has soared to a new record high as concerns about fresh threats to the independence of the US central bank fuel demand for the asset.
Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe havens due to heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chair Jerome Powell.
Spot gold jumped 1.3% to $4,566.80 per ounce by 0410 GMT. Bullion hit a record high of $4,600.33 earlier in the day.
U.S. gold futures for February delivery firmed 1.8% to $4,579.10. Rising gold prices typically indicate that investors are seeking out so-called safe haven assets. Related News
Sorry, the comment form is closed at this time.