· *Gold futures swung higher on Thursday and neared a record close as investors continued to hedge against a worse-than-expected recession.*
· *Contracts for the precious metal leaped as high as $1,897.70 per ounce, overtaking their all-time closing high of $1,891.90 from August 2011.*
· *The asset's intraday high is just a...
Gold prices reach highest level since 2011 and near record as investors flood safe havens
Business Insider
0 shares
1 views
You might like
Related news coverage
Investors poured record amounts into gold ETFs at the start of 2020, helping to push prices to record highs — but overall demand actually dropped
Business Insider
· Gold demand fell 6% in the first half of the year even as prices break to their highest levels ever, according to a new report..
Advertisement
More coverage
Goldman Sachs says gold will surge another 20% and hit $2,300 in the next year, driven by rock-bottom interest rates
Business Insider
· *Goldman Sachs has raised its 12-month gold forecast by 15% and now expects the metal to hit $2,300 per ounce.*
· *The..