Published 23 days ago

Why gold prices are at record highs

The People’s Bank of China continues to increase gold reserves, purchasing 160,000 ounces in March, as reported by Reuters.
Central banks are shifting towards gold due to geopolitical uncertainty, aiming to diversify from US dollars, according to UBS research note.
Gold prices are soaring, with investors anticipating rate cuts from the Fed and using gold as a hedge against inflation, as highlighted in the text.

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Hindustan Times

As prices shoot up, Shanghai Futures Exchange slaps limits on both gold and copper as contracts hit new highs

With the most-traded gold contract at a new high of $77.55 and copper contracts at its all-time peak, the Shanghai Futures Exchange slapped on trading limits.

23 days ago·New Delhi, India

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CNN

Why gold prices are at record highs

From central banks to Costco customers, it seems everyone is buying gold these days.

23 days ago·Atlanta, United States

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The Washington Post

Gold hits another record as investors await US inflation print

Gold extended its bull run to a fresh record ahead of the next set of US inflation data that could provide insight into the Federal Reserve’s next steps.

24 days ago

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KRDO

Why gold prices are at record highs

By John Towfighi, CNN New York (CNN) — From central banks to Costco customers, it seems everyone is buying gold these days. The price of spot gold reached $2,364 per ounce Tuesday after hitting record highs for seven straight sessions and trading at $2,336 per ounce Monday. Year on year, gold is up 16.5%. Investors who expect the Federal Reserve to cut its benchmark interest rate are the main force driving up prices, but the surge is boosted by …

23 days ago·Colorado Springs, United States

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