Gold Reaches Record Highs Amid Global Uncertainty and Safe-Haven Demand
TL;DR
Gold and silver reached record highs due to fears over US credit quality and US-China tensions, with increased demand for safe havens driven by geopolitical issues, credit concerns, and expectations of US rate cuts, fueling a significant rally in precious metals.
- Gold and Silver Hit Records on Credit Fears, US-China Tensions Bloomberg.com
- Gold Climbs Amid Safe-Haven Demand The Wall Street Journal
- Gold Climbs to Record on Bank Woes, Fed Bets and Trade Tensions Yahoo Finance
- Ed Yardeni says gold is the best safe-haven play and 'the new bitcoin' CNBC
- Safe-haven surge, Fed rate-cut bets drive gold beyond $4,300/oz Reuters
Want the full story? Read the original reporting
Read on Bloomberg.com