The record rally has been attributed to geopolitical tensions and a plummeting US dollar
The price of gold has continued to rally on Wednesday, reaching above $5,300 per ounce to an all-time high. The rally has been attributed to strong safe-haven demand amid geopolitical uncertainty and a weakening US dollar.
On Wednesday, spot gold prices rose to $5,319 as of 19:50 GMT, extending the precious metal’s record-breaking streak. Prices have gained more than 20% since the start of the year, building on last year’s substantial gains.
According to analysts, the rally has been supported by a combination of global uncertainty and economic factors…
Read the full article at RT.COM
