Gold price sets new record high near $2,700
Gold hits record high at $2,696.62 amid global uncertainty. Geopolitical tensions, U.S. election, and Fed easing fuel surge. Investors flock to gold as safe haven.
Gold prices soared to an all-time high of $2,696.62 per ounce on Thursday, underscoring the precious metal's enduring appeal as a safe-haven asset in times of global uncertainty.
The surge comes amid a perfect storm of economic and geopolitical factors, including heightened tensions in the Middle East, the looming U.S. presidential election, and anticipation of further monetary easing by the Federal Reserve.
As of noon ET, spot gold settled at $2,692.14, marking a 0.68% increase for the day. U.S. gold futures mirrored this upward trend, trading at $2,704.80 per ounce in New York.
The yellow metal's spectacular performance - up over 30% year-to-date - reflects growing investor anxiety about global stability and the future direction of the world's largest economy.
Adding fuel to gold's meteoric rise is the widespread expectation of continued interest rate cuts by the Federal Reserve. Despite recent data showing a slight uptick in U.S. retail sales and an unexpected dip in unemployment claims, market sentiment remains tilted towards further monetary easing.
As global economic landscapes shift and geopolitical tensions persist, gold's allure as a store of value shows no signs of dimming. With the U.S. election on the horizon and monetary policy remaining accommodative, many analysts believe we may be witnessing the early stages of a prolonged bull run in the precious metals market.
Investors and policymakers alike will be keeping a close eye on gold's trajectory in the coming months, as it may provide valuable insights into the broader economic sentiment and the effectiveness of current monetary policies.
For now, as uncertainty reigns supreme in global markets, gold continues to shine brighter than ever, reaffirming its status as the ultimate safe-haven asset in turbulent times.
Augusta Precious Metals $0 (10 Years) $50,000 "Best Overall" by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star Rankings Goldco Vary $25,000 Industry leader with over $2 Billion in gold and silver. Top rated precious metals company with buy back guarantee American Hartford Gold Vary $10,000 American Hartford Gold, ranked #1 Gold Company on Inc. 5000, boasts thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O'Reilly and Rick Harrison..Expand Details
Renowned for its exceptional customer service and commitment to transparency, Augusta Precious Metals has garnered numerous accolades, including "Best Overall" from Money magazine and "Most Transparent" from Investopedia. The company's dedication to educating and supporting its clients has earned it top ratings from organizations such as A+ from BBB and AAA from BCA.Expand Details
From precious metals iras to direct purchases of gold and silver, goldco have helped thousands of americans place over $2 billion in gold and silver. Top-rated precious metals company rated A+ by the better business bureau rated triple a by business consumer alliance earned over 6,000+ 5-star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific ranked #17 2024 gold stevie award, fastest growing company inc. 5000 award recipient, 8+ yearsExpand Details
With over $2 billion in precious metals sold, American Hartford Gold helps individuals and families diversify and protect their wealth. Their expert team provides investors with the latest market insights and a historical perspective, ensuring informed decisions. Trusted by public figures and praised for exceptional customer service, the company offers competitive pricing on top-tier gold and silver coins, backed by a 100% customer satisfaction guarantee
Jerusalem Post Store
`; document.getElementById("linkPremium").innerHTML = cont; var divWithLink = document.getElementById("premium-link"); if (divWithLink !== null && divWithLink !== 'undefined') { divWithLink.style.border = "solid 1px #cb0f3e"; divWithLink.style.textAlign = "center"; divWithLink.style.marginBottom = "15px"; divWithLink.style.marginTop = "15px"; divWithLink.style.width = "100%"; divWithLink.style.backgroundColor = "#122952"; divWithLink.style.color = "#ffffff"; divWithLink.style.lineHeight = "1.5"; } } (function (v, i) { });