US EditionGold Hits High, Stocks Retreat as Investors Seek Safety
- Gold reached $3,501.59 an ounce during early trading in Asia, surpassing its previous record of $3,500.10 in April.
- The price of gold struck a record high above $3,500 an ounce on Tuesday while stock markets mostly retreated as investors sought safety due to global economy concerns.
- The dollar rallied against the euro and British pound as borrowing costs in France and the UK hit multi-year highs.
21 Articles
21 Articles
Febrility dominates on the stock exchange, but not on gold, the value of refuge more sought after than ever. ...
Gold hits new high on rising uncertainty, while U.S. stock futures little changed
U.S. stock-market futures were flat Monday while gold futures hit a new all-time high, amid uncertainty around the Fed’s independence and the Trump administration’s tariffs, as well as rising optimism about potential interest-rate cuts. Article Attribution | Read More at Article Source The post Gold hits new high on rising uncertainty, while U.S. stock futures little changed appeared first on RocketNews.
The price of gold has hit a record high as demand for the precious metal remains strong amid global economic uncertainty, the BBC reports. The spot price of gold reached $3,508.50 an ounce early on......
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