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
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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.

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