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 Fed Chair Powell: Labor Market 'Fully Back in Balance' READ MORE Israel Escalates Conflict with Hezbollah, Claims Killing of Top Commander in Beirut Strike READ MORE The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE New York Times: 10 Charts that Defined 2023 READ MORE Credit Card Debt Climbs: 56 Million Americans in Prolonged Debt Amid Economic Pressures READ MORE Add a Comment Cancel replyYour email address will not be published.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