Gold extends record rally on softer dollar, stimulus bets
By CNBC GOLD scaled an all-time peak today (Aug 5), after topping the $2,000 mark in the previous session, spurred on by a weaker dollar, falling US Treasury yields and expectations of more stimulus measures to revive a pandemic-ravaged economy. Spot gold was up 1% at $2,039.06 per ounce. US gold futures rose 1.7% to […]
Read MoreGold eyes US$2,000 mark in speedy record-breaking run
By Reuters, published by Channel NewsAsia London/Bengaluru: Gold’s record rally is moving tantalisingly close to the psychologically key US$2,000 level, powered by investors seeking cover from Covid-19’s global economic toll, as reflected in dollar weakness, faltering stocks and US-China trade tensions. Spot gold prices have surged 53% in the last 14 months, blowing past 2011’s […]
Read MorePeople flock to sell gold amid massive price rise
AFTER gold price soared to an all-time high there was a big rush to sell the precious metal in Yaowaraj area of Chinatown with people eager to lock in their profit amid a steep climb of 1,300 baht a baht weight this week, INN News, Kitco.com and CNBC reported today (July 25, 2020). People steadily […]
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