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 Five Key Trends Shaping the Global Commodities Landscape This Week READ MORE Currency Markets Hold Steady as Traders Eye U.S. Inflation Data READ MORE Fed's Latest Decision: Status Quo on Rates, but Change is in the Air READ MORE Oil Prices Slide as Fed Signals Longer High Rate Environment READ MORE Canada Tightens Grip on Critical Minerals Sector, Raising Bar for M&A Approvals READ MORE Add a Comment Cancel replyYour email address will not be published.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