Gold prices touched record prices on Monday morning in Asia as worries over issues such as the coronavirus pandemic as well as U.S.-China trade tensions weighed on investor sentiment.
traded at 105.60 against the greenback after strengthening sharply late last week from levels above 106.40 per dollar.
Johan Jooste of The Global CIO Office told CNBC's "Street Signs Asia" on Monday that the "opportunity cost of holding gold is virtually zero" with Treasury yields at their current low levels. Still, he added that there's a "horrible feeling of chasing it a bit after the fact" if investors enter the gold market now.
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.
Shea Couleé Was Destined for Drag Race All Stars GoldShea Couleé brought inventive looks with rich backstories behind them to season five of RuPaulsDragRace. (Warning: Contains spoilers!)
Read more »
Gold vs. Salmon: An Alaska Mine Project Just Got a BoostFrom the air it looks like just another tract of Alaska&39;s endless, roadless tundra, pockmarked with lakes and ponds, with a scattering of some of the state&39;s craggy mountains.But this swath of land, home to foraging bears and spawning salmon about 200 miles southwest of Anchorage, has been a
Read more »
Stay The Hell Away From GoldThe precious metal has a lousy long-term record both as a store of value and an inflation hedge.
Read more »
Unusually, copper and gold prices are rising in tandemDuring downturns, gold usually climbs because it is safe and copper declines in line with activity. Why is this crisis different?
Read more »
Trailers of the Week: 'Bill & Ted Face the Music,' 'Utopia,' 'The Weight of Gold,' and MoreFrom world-saving time travel to a comic series packed with apocalyptic clues — your week in movie trailers.
Read more »
U.S. consulate in Chengdu shuts after China orders closureBeijing announced the U.S. consulate in the southwestern city of Chengdu was closed as of 10 a.m. (0200 GMT) on Monday, after it ordered the facility be shut in retaliation for China being ousted from its consulate in Houston, Texas.
Read more »