Breaking: Gold price hits an all-time high to nearly $2,390
Trending Articles- When Will Gold Rise Under the Pressure of High Oil Prices?
- Gold under pressure as fears mount, $4,600 support at risk
- WTI edges higher above $110 as Trump intensifies Iran's infrastructure threats
- Trump Openly Seizes Oil, Threatening to “Control Iran Overnight.” WTI Crude Has Doubled to $115 This Year; Will Oil Prices Face More Variables?
- Gold edges lower below $4,750 amid fragile Middle East ceasefire
- WTI eases below $103.50 as US, Iran reportedly seeking 45-day ceasefire
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.
