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Metals: Gold hits an all-time high

23/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Gold hit an all-time high on Tuesday, while the demand for safe havens, driven by the uncertainties surrounding the US elections and the war in the Middle East, combined with expectations of further monetary easing, amplified the rise in bullion.

American gold futures rose 0.6% to $2,754.30. Spot gold rose 0.7% to $2,739.81 per ounce at 12:25pm ET (16:25 GMT) after reaching a record high of $2,744.08 earlier in the session. Considered as a protection against geopolitical and economic uncertainty, gold has gained over 32% this year, reaching several records. Lower interest rates are also increasing the attractiveness of holding gold

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