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Gold prices rose to a new record high this week, topping $4,300. Here's why.
As economic uncertainty deepens the rush for gold continues, with the price of the precious metal this week topping $4,300 for the first time. The going price for New York spot closed at a record $4,326 per troy ounce on Thursday. Futures also traded as high at more than $4,344 per troy ounce Thursday, before falling below the $4,300 mark Friday morning. Still, gold is up 6.7% over the last week, marking one of its best weeks to date. Gold sales can rise sharply when anxious investors seek a "safe haven" for their money. For the U.S., the latest gains arrive amid the now weekslong government shutdown and ongoing ... (full story)
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