Gold Nears Record Close as Global Uncertainties Fuel Rally Gold prices are surging, approaching all-time record highs despite initial concerns over China’s reserve holdings. The precious metal has gained $51, reaching $2422, driven by a combination of factors including potential rate cuts, economic growth concerns, large deficits, political instability, and geopolitical tensions. This rally demonstrates gold’s enduring appeal as a safe-haven asset in times of uncertainty. While the current price is nearing the all-time high closing level, it remains just shy of the intraday record of $2449 set in May, suggesting further potential for growth in the near future. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ZeroHedge: Physical Silver Buyers Gatecrash COMEX Vaults READ MORE BIS Report Signals Turning Point in Battle Against Inflation READ MORE Which Commodities Are Doing the Best in 2023? READ MORE True Inflation May Have Peaked in Late 2022 READ MORE De-Dollarization: A Gradual Shift from US Currency Control READ MORE Add a Comment Cancel replyYour email address will not be published.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