Breaking: Gold price hits an all-time high to nearly $2,390
Trending Articles- Gold slides below $5,000 amid USD uptick and positive risk tone; downside seems limited
- Gold declines to near $4,850 as low liquidity, easing tensions weigh on demand
- Bitcoin Flirts With ‘Undervalued’ As MVRV Slides Toward 1
- Gold weakens as USD uptick and risk-on mood dominate ahead of FOMC Minutes
- Gold rises above $4,950 as US-Iran tensions boost safe-haven demand
- Gold drifts higher to $5,000 on heightened US-Iran tensions
Gold prices (XAU/USD) climbs to a record high near $2,390 during the early Asian session on Friday.
The market expectation that the US Federal Reserve (Fed) will cut its benchmark interest rate this year is the main driver for the yellow metal. Additionally, the gold purchase by the Chinese central bank and the ongoing geopolitical tensions in the Middle East boost safe-haven flows, benefiting the gold price.
Market reaction
Gold price (XAU/USD) attracts some buyers and has reached a record high near $2,390. At the time of writing, the gold price is trading around $2,385.60, up 0.52% on the day.
-638484818416011810.png)
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
