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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 News

Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Crude oil prices saw a sharp rebound after hitting a six-month low on Wednesday. Rising demand and ongoing conflict in the Middle East are driving the price increase. The oil markets rebounded sharply on Wednesday, with the Brent futures at the Intercontinental Exchange rising 2.42% to $78.33 per barrel, and WTI futures at the New…

ByPexecoAugust 8, 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 Prices Rebound as Demand Rises Amid Middle East Tensions