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Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

Metal prices surged, with gold reaching a new record and silver briefly hitting a 12-year high following central banks' easing policies. Copper also experienced a price rally amid China's additional stimulus measures. However, the price rise may not end here. Metal prices surged, with gold reaching a new record high and silver briefly hitting a…

ByPexecoSeptember 29, 20240Comments

Commodities

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Gold prices have reached a new all-time high, driven by expectations of a lower interest rate environment and increasing demand for safe-haven assets. In contrast, base metals such as copper remain weak, largely due to sluggish economic growth in major economies, particularly from China. Both spot gold and futures prices surged to a new record…

ByPexecoAugust 19, 20240Comments

Commodities

Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions

Crude oil and gold prices surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. While increasing demand for safe-haven assets is likely to sustain gold prices, the bullish momentum in oil markets may also persist due to concerns over undersupply. Recently, both oil and gold prices surged…

ByPexecoAugust 13, 20240Comments

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Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions