Gold Prices Set New Records; Behind the Latest Surge

From Fed policy to geopolitical tensions, gold prices are finding support on many fronts.
Gold Prices Set New Records; Behind the Latest Surge
Gold on display at the opening ceremony following the Chinese New Year 2024, on Feb. 14, 2024. Bill Cox/The Epoch Times
|Updated:
0:00

Gold prices topped $2,500 for the first time, and the yellow metal remains one of the top performing assets in the global financial markets this year, buoyed by a wide range of factors.

December gold futures, the most active contract, rocketed by $53.80, or 2.16 percent, to $2,546.20 per ounce on Aug. 16 on the New York Mercantile Exchange.

Google LogoMark Us Preferred on Google
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."