Safe-Haven Gold Rises Above $3,000 for the First Time
(Reuters) - Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe store of value. Spot gold was up 0.3% at $2,997.75 an ounce at 1115 GMT after hitting a record high of $3,004.86.
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Gold has surged past $3,000 for the first time, marking a historic milestone amid rising inflation fears, trade tensions, and central bank demand. As investors seek safe-haven assets, analysts predict ...
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The move through the psychological $US3000 level drives home gold’s centuries-old role as a store of value in turbulent times.
Spot gold was up 1.3% to $2,969.53 an ounce, as of 10:51 ET (1451 GMT). U.S. gold futures climbed 1.2% to $2,982.50.
Gold rose 0.5% to as high as $2,947.06, closing in on the record high from February 24 at $2,956.15. U.S. Treasury yields ...
Gold prices raced to a record high on Thursday, within touching distance of the key milestone of $3,000 per ounce with ...
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