Gold Hits New High as Investment Demand Strengthens
Spot Gold hit $3,977.19 early this morning
- |
- Written by Banking Exchange staff
Gold prices hit a record high today as economic and political anxiety has heightened, and is a hedge against a booming stock market.
Spot Gold hit $3,977.19 early this morning as momentum for safe havens continues to climb.
President Trump continues to warn that the shutdown will result in job cuts, and has already resulted in less economic data being published.
Gold has grown by more than 50% this year as China’s central bank has added to its reserve.
Tagged under Risk Management; Gold; The Economy; Feature; Financial Trends; Feature3;