Gold Reaches Record $3,000 Per Ounce as Economic Uncertainty Grows
- Gold prices have surpassed $3,000 per ounce, a record high, driven by economic uncertainty and increased investor interest in gold as a safe haven asset.
- John Ing, president and CEO of Maison Placements Canada, stated that gold's role as a safe haven asset has led it to outperform all markets.
- China and central banks have significantly increased their gold purchases, causing scarcity that drives up prices, as noted by Ing.
- Ing anticipates that gold prices will continue rising until there is economic certainty, suggesting that the current bull market has just begun.
350 Articles
350 Articles
Greedy for Gold: Here's Why Prices Are Up, and Where They Could Go Next
Gold’s glittering run has added some shine to investment portfolios despite the recent correction in the S&P 500. With the precious metal surging past $3,000 per ounce, questions linger as to whether it’s too late in the game to pick up a few bars, bullion ETFs, and gold-mining stocks or wait for a bit of a pullback after the most recent melt-up on the back of rising economic and geopolitical unknowns. Key Points Gold has been surging as marke…
Weaker dollar, weaker everything
Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Weaker dollar, weaker everything David Goldman analyzes the macroeconomic forces driving gold’s steady rise toward a long-term $10,000 an ounce target, attributing it to escalating global debt levels, currency devaluation risks, and the diminished appeal […] The post Weaker dollar, weaker everything appeared first on Asia Times.
INFOGRAPHY. "A safe haven": visualize the unprecedented rise in gold prices, accelerated by geopolitical tensions
The price of gold has never been so high. Changed to more than $3,000 per ounce for a week, yellow metal is highly prized by investors in times of uncertainty.
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