Gold prices rose to hit a lifetime high on Thursday, sparked by safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve’s policy path.
Spot gold XAU= was up 1.4% at $2,796.15 per ounce, as of 11:07 a.m. (1603 GMT), hitting its record high level at $2798.24 earlier in the session. U.S. gold futures GCcv1 climbed 2% to $2,824.
“We are seeing keener uncertainty and anxiety about the Trump administration’s new policies on trade and foreign policy … fresh technical buying coming in as prices are trending higher now in both gold and silver,” said Jim Wyckoff, a senior market analyst at Kitco Metals.
Continue reading HERE
Source: https://www.usatoday.com/story/money/2025/01/30/gold-prices-all-time-high/78053332007/
[Disclaimer]
