Gold price hits historic high ...News

Russia Today - Economy
Gold price hits historic high
source : Russia Today ( News ) () 39
Bullion has been on the rise amid geopolitical tensions, recession risks and possible interest rate cuts The price of gold touched an all-time peak on Monday, soaring past $2,100 per ounce as the global safe-haven rush continues. Spot gold prices rose to record high of $2,110 per ounce before giving up some gains to trade at $2,090 as of 11:45 GMT. The rally in the world's oldest asset has been going on for two consecutive months, driven by safe-haven investor demand in the wake of global uncertainty and geopolitical tensions, as well as recession fears, and expectations of interest rate cuts by the US Federal Res

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