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gold record high

Gold price hit record high since 2011

2 mins read

Gold hit its highest price for the first time in 9 years. After a 18% surge in 2019, gold prices have moved sharply higher this year. The positive trend in the gold spot prices is chiefly due to the escalation in the geopolitical tensions and uncertainty over the second stimulus package. Gold’s also getting support from a confluence of low or negative real rates, a weaker dollar and expectations of rising inflation. Gold prices rallied to record highs on Thursday as the U.S. dollar sank to its lowest level in nearly two years. Gold has been “making record highs consistently for a…

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Gold price hit record high since 2011

2 mins read

Gold hit its highest price for the first time in 9 years. After a 18% surge in 2019, gold prices have moved sharply higher this year. The positive trend in the gold spot prices is chiefly due to the escalation in the geopolitical tensions and uncertainty over the second stimulus package. Gold’s also getting support from a…