Another day another high: Gold surges past $5,100 as investors seek shelter from global risks
From cnbc.com
Gold climbed to a fresh all-time high, crossing $5,100 an ounce on Monday and extending its record-breaking run as investors seek the safety of the yellow metal amid rising geopolitical tensions and global fiscal risks. Spot gold prices gained 2.4%, trading at $5,102 an ounce, before slightly paring gains to last trade at $5,086. Meanwhile, U.S. gold futures for February rose 2.1%, reaching $5,087 an ounce. The precious metal’s surge comes as recent flashpoints from Greenland and Venezuela to the Middle East underscore higher geopolitical risk, reinforcing gold’s appeal as a hedge against uncertainty. “The recent ...
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