Gold Hits Record High Amid Economic Uncertainty
TL;DR
Gold prices surged $36 to $2079, potentially setting up for the highest daily close ever, as the market anticipates a potential takeoff when the US dollar weakens. This impressive run for gold comes despite USD strength and rising Treasury yields, with the intraday high of $2135 in early December being the closest to the current levels.
- Gold is track for the highest close ever after a $36 jump ForexLive
- Gold advances to 2-month peak as U.S. rate cuts expected soon CNBC
- Gold market sees new record closing price, but the major test is next week KITCO
- Gold futures just closed at new record thanks to weak economic data MarketWatch
- Gold Price Forecast – Prices Surge Over Renewed Banking Fears FX Empire
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