Gold Hits New Record High

March 5th, 2024

Via: Reuters:

Gold hit a record high on Tuesday, with growing expectation of U.S. monetary easing and continued geopolitical risk buoying activity from momentum-driven funds which could propel the precious metal further.

A wider robust fundamental backdrop added support, including strong physical demand in Asia and central bank purchases as well as bullion’s traditional safe-haven cachet. Central banks have been net buyers of gold for eight consecutive months.

Spot gold rose 0.8% to $2,130.79 per troy ounce as of 1540 GMT, after touching its record high of $2,141.59.

Related: Bitcoin Hits New Record High

Posted in Economy | Top Of Page

One Response to “Gold Hits New Record High”

  1. Calm says:
    March 9, 2024 at 11:11 am

    Gold is $2907 oz Canadian.
    Up 200 bucks an ounce in the past 10 days.
    I paid $2130 January 2020.

    BitCoin is at a record high.

    Ramadan Is:
    Evening of Sun, Mar 10, 2024 – Tue, Apr 9, 2024

    Israel is not going to allow the Palestinians to pray at the Al Aqsa Mosque.

    The Arab and Muslim world may revolt and have a repeat of an Arab Revolution.

    Terrorism against all NATO member states is huge.

    A repeat of the 1972 Munich Olympics.
    https://www.britannica.com/event/Munich-Massacre

    Israel is taking the whole world down with it because it is said that some Sage has promised this land 2000 years ago.

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