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 Consumer Confidence Dips: Retail Sales See Unexpected Decline in January READ MORE Chinese Shops Disappear with Customers' Gold READ MORE Dollar Climbs Higher as Global Interest Rate Policies Diverge READ MORE Bank of America "Buy Gold Like Central Banks" READ MORE 2023 Market Performance: A Review of Asset Class Returns READ MORE Add a Comment Cancel replyYour email address will not be published.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