Gold prices surge to record high amid coronavirus worries, U.S.-China tensions

Gold prices surge to record high amid coronavirus worries, U.S.-China tensions

In the morning of Asian trading hours on Monday, spot gold traded at about $1,931.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels eclipsed the previous record high price set in September 2011.
July 27, 2020 0 Comments
Gold surges toward all-time high, silver ends at highest since 2013 as U.S.-China tensions mount

Gold surges toward all-time high, silver ends at highest since 2013 as U.S.-China tensions mount

Gold and silver rose further Wednesday, with silver ending at its highest since 2013, getting a boost after China said the U.S. had ordered it to close its Houston consulate, marking a further climb in tensions between the two countries and sparking demand for haven assets.
July 23, 2020 0 Comments
Gold Price: Wall Street Banks Expect Record Highs While New Stimulus Bill Negotiations Begin

Gold Price: Wall Street Banks Expect Record Highs While New Stimulus Bill Negotiations Begin

Citibank thinks the spot gold prices can touch the record high against the dollar. The bank feels that in the coming 6-9 months, we will see the gold price reaching a new record high. Citibank isn’t the only major Wall Street bank that holds a bullish view on bullion. Goldman Sachs GS +0.5% and a few other banks also believe that the spot gold price is going to...
July 20, 2020 0 Comments
Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver futures on Friday posted a gain of nearly 24% for the month, the largest since 2011, with the industrial metal finding support as global economies continue to reopen from pandemic-related shutdowns.

Gold futures, meanwhile, rose for Friday’s session buoyed by U.S.-China tensions and global monetary stimulus measures.
May 29, 2020 0 Comments

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