Safe-Haven Appeal Drives Gold Over $2,400 Demand for safe-haven assets has propelled gold to an unprecedented rally, reaching all-time highs. On Friday, spot gold increased by 0.9% to $2,395.66 per ounce and even touched a record peak of $2,400.35, culminating in a nearly 3% rise for the week. U.S. gold futures also saw a significant jump, rising 1.8% to $2,414.30. This surge in gold prices is driven by escalating geopolitical tensions in the Middle East and economic uncertainties surrounding China. Ricardo Evangelista, a senior analyst at ActivTrades, notes that gold prices may continue to climb due to increased central bank purchases and a heightened investor demand for safe-haven assets amid growing geopolitical conflicts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Equity Rally and Profit-Taking Lead to 1% Drop in Gold Prices READ MORE Over $20 Million in Gold Stolen in Canada’s Largest Airport Heist READ MORE Consumer Prices Cool Further: June Marks First Monthly CPI Drop Since 2020 READ MORE Biden's Exit Sparks Gold Price Fluctuations as Traders Weigh Implications READ MORE Citi Analysts Eye $3,000 Mark for Gold READ MORE Add a Comment Cancel replyYour email address will not be published.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