Record-Breaking Gold Rally Continues for Eighth Day on Safe-Haven Demand The price of gold reached a new peak, marking a record high for the eighth straight session, driven by geopolitical tensions and the support from momentum-following funds, trading up 0.7% to $2,354.37 per ounce. This surge reflects the traders’ strategy to buy on dips, buoyed by concerns over the Russia/Ukraine conflict and tensions in the Middle East. Despite shifting focus from lower rate cut expectations to concerns over persistent high inflation, gold continues to attract investors seeking a safe haven amidst the uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Over 80,000 Global Enthusiasts Flock to Hong Kong's Twin Jewellery Shows READ MORE Gold Forecasts Range from 25% to 50% Upside Over the Next Few Years READ MORE Japan's Central Bank Shifts Gears: Interest Rates Up, Bond Purchases Down READ MORE The 'Cash Trap': High Interest Rates Lure Investors, but for How Long? READ MORE FTX Alum Buys Titanic's Gold Watch for Record $1.5 Million READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment