Hints and tips:
...Together with “blistering” demand from central banks, according to the WGC, Chinese demand helped push the gold price to record highs last month and keep it above $2,000 per troy ounce this year....
...Spot gold prices rose 0.6 per cent to $2,014.55 per troy ounce, the highest level since mid-May....
...Gold prices collapsed from a high of $1,920 per troy ounce in 2011 after the financial crisis to nearly $1,200 two years later....
...Ethan WuLeprechauns across the world were delighted on Friday as gold, the shiny metal we all love, hit an all-time high: $2,152.30 per troy ounce....
...Gold now trades at about $1,780 per troy ounce, following the US Federal Reserve lifting interest rates from near zero to a range of 4.25 to 4.5 per cent, including this week’s hike....
...Talk of the increasing potential for investors to hedge against inflation by buying real assets comes as gold rose to its highest level in more than a month on Monday, reaching a peak of $1,998 a troy ounce...
...At the same time, prices for gold, seen as a haven asset, have risen about 10 per cent since the start of February to nearly $2,000 per troy ounce, a level that could persuade producers to extend mines or...
...On Wednesday, it touched $1,887 a troy ounce, a four-month high, dipping only slightly by Friday to $1,878....
...The spot price for silver climbed as much as 7.4 per cent to $28.99 per troy ounce in early trading on Monday, touching its highest level since August....
...Silver also fell nearly 2 per cent to $25 an ounce, while palladium was down almost 6 per cent at $2,535 an ounce....
...Silver futures, which soared as much as 11 per cent on Monday, settled 10 per cent lower at $26.40 a troy ounce....
...The gold/silver ratio reached its all-time peak on March 18, when the silver price collapsed to $11.94. At that point the spot price of a troy ounce of gold was worth 126.5 ounces of silver....
...rose above $1,900 a troy ounce....
...History is full of anecdotes of people burying the family silver in their garden or carrying gold bars or coins in wallets — just in case....
...The company said it had purchased more than 1m ounces of silver grain and bars, more than 20,000 American Gold Eagles coins, thousands of gold bars, and “anything else we can find utilising our many partners...
...Gold tumbled 5.7 per cent to below $2,000 a troy ounce, its worst one-day fall since 2013, extending losses since hitting an all-time high last week....
...The precious metal has risen for 13 days in the past 14, and a 1.1 per cent gain led it to a fresh all-time high of $2,040 a troy ounce....
...Last month, analysts at Goldman Sachs argued it was “time to buy the currency of last resort”, saying gold could hit $1,800 a troy ounce from its current price of about $1,650 due to “fear-driven investment...
...Silver also rose as much as 6.4 per cent to $26.19 an ounce in Asia before tumbling to $24.34....
...This week, prices rocketed to record highs above $2,000 per troy ounce for the first time — a 36 per cent ascent in the year so far that far outstrips any stocks index....
...This logic helped propel the nominal price of gold above $2,000 a troy ounce for the first time this week. The ingredients of 2020’s bond rally are unusual....
...Gold has erased almost all its gains for the year and fell 4.5 per cent on the week to trade at $1,483 a troy ounce on Friday....
...Given that the gold price in euros has also leapt to a record high of €1,660 per troy ounce, however, the price increase is also attributable to other factors....
...Gold prices rose more than 8 per cent last week to hit $1,626 a troy ounce by Friday afternoon, the best weekly performance since 2008, driven by a shortage of gold following the temporary shutdown of refineries...
...This year, however, gold prices have climbed to their highest levels since early 2013, at more than $1,600 a troy ounce....
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