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ComMODITY: GOLD REACHES A RECORD HIGH

24/02/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Helped by a weak US dollar, the gold price came close to record highs on Monday, with attention turning to a key inflation report later in the week.

Spot gold rose 0.1% to $2,939.91 per ounce at 07:03 GMT. The bullion hit an all-time high of $2,954.69 on Thursday. US gold futures were flat at $2,953.30. According to Ajay Kedia, director of Mumbai-based Kedia Commodities, to break the $3,000 mark, gold needs a very strong reason, as the war bounty seems to have declined slightly, while other supporting factors for bullion

are already being reduced.

Spot silver gained 0.4% to $32.65 per ounce and platinum added 0.3% to $972.68. Palladium lost 0.4% to 965.81

dollars.
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