Investors piled into asset as speculation grows over expected US interest rates cut and Israel-Gaza war continues
The price of gold has hit a record high amid investor jitters over tensions in the Middle East and speculation that US interest rates will be cut by the summer.
Investors piled into the “safe haven” asset on Tuesday, with the spot price reaching a record $2,141.59 (about £1,685) for an ounce, beating the previous record of $2,135 in December, before easing back again to about $2,128.
About Author
More Stories
Canadian company in negotiations with Trump to mine seabed
Hyundai facing legal action over car that can be stolen ‘effortlessly in seconds’
Australian house prices hit new peak as rate cut drives buyer demand