Gold price is $50 away from new record high

This article is machine translated
Show original
Planet Daily News: Gold prices advanced towards a record high on Monday, as the escalating conflict between Israel and Iran prompted investors to turn to safe-haven assets. In early Asian trading on Monday, gold prices rose 0.6%, reaching above $3,450 per ounce, approximately $50 away from the historical peak set in April. The sudden increase in geopolitical risks added more momentum to gold prices, which have primarily been driven by the threat to global economic growth from Trump's aggressive tariff agenda. Gold has risen over 30% in 2025, with central banks seeking to diversify away from the US dollar being another important driving force. (Jin Shi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments