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 Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE UAE Aims for Gold Standard in Online Trading Transparency READ MORE Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show READ MORE Stress Tests Reveal Hundreds of U.S. Banks at Risk Due to Loans and Rate Hikes READ MORE Rising Non-Bank Reliance Could Amplify Financial Shocks for Big Banks READ MORE Add a Comment Cancel replyYour email address will not be published.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