The price of gold soared nearly 30% — and many analysts predict the price will head even higher as investors look for a 'safe haven' amid the pandemic and rising U.S.-China tensions.
Gold bars are stacked in a vault at the United States Mint, in West Point, N.Y., in 2014. The settlement price for gold futures reached a record high of $1,931 per ounce Monday — and many analysts predict the price will head even higher.Gold bars are stacked in a vault at the United States Mint, in West Point, N.Y., in 2014. The settlement price for gold futures reached a record high of $1,931 per ounce Monday — and many analysts predict the price will head even higher.
Gold prices have soared nearly 30% so far this year. On Monday, the settlement price for gold futures reached a record high of $1,931 per ounce — and many analysts predict gold will top $2,000 by September. Gold usually rises alongside investors' uncertainty in the economy. It's a"safe haven" for investors who want to hedge their bets against a falling dollar and instability in financial markets, said Lindsey Bell, chief investment strategist for Ally Invest.
And, as long as investors are still unsure about the health of the market, they'll continue putting money into gold, she said.The Price Of Gold Is At A 6-Year High. But Is It Actually A Good Investment?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uncertainty pushes gold price to record $1,926 per ounceBEIJING (AP) — The price of gold surged to a record above $1,926 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the...
Read more »
How high can the price of gold go?Gold hits record high as investors worried about the state of the global economy find comfort in the precious metal.
Read more »
Gold Prices Soar As Investors Gaze On Uncertain FutureInvestors moved money into gold, pushing the price to a record high of over $1,934 per ounce as tensions between the U.S. and China swell, coronavirus infection rates spike and the U.S. labor market plummets
Read more »
The New Gold Rush: Investors Seek Out Known UnknownsGold prices have risen to a record high against a backdrop of elevated uncertainty. AaronBack explains investors’ behaviors and why they might want to consider other bets. WSJWhatsNow
Read more »
Comedy Pioneer Judy Gold Takes On Cancel Culture On BUST's "Poptarts" Podcast
Read more »
Gold hits record high as Asian markets openIn commodity markets, oil prices rose on hopes that stimulus efforts will help revitalise the US economy, but rising coronavirus cases and tensions between Washington and Beijing capped the gains.
Read more »