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Gold Analysis: Why is Gold Rising?
Gold and silver futures continued their record gains this week, supported by expectations of Federal Reserve policy and strong investor and retail demand. While precious metals prices gave up some of their overnight gains, gold and silver prices remained elevated. According to gold trading platforms, gold futures rose to $2450.80 an ounce, a new all-time record, before settling around $2420 an ounce at the time of writing. Overall, gold prices have risen by more than 17% since the beginning of 2024. Silver prices, gold's sister commodity, also rose above $32 an ounce in trading. Overall, the white metal has been in a ... (full story)
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- Posted: May 23, 2024 7:02am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 505
