Stocks may be hot in 2024 but metals are molten investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Chinese buying set stage for gold's latest record run, Companies & Markets businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
The gold rally, triggered by bets on the US Federal Reserve s pivot to looser monetary policy, was fueled by investment funds and algorithmic traders, while central banks, especially China, continued to make massive purchases. Geopolitical risks further supported the rally as gold prices reached record highs. After months of mostly treading water, the gold market suddenly sprang to life last Friday. Prices breached Decembers record on Tuesday and have jumped to successive daily highs ever since.
Bangkok Post - Chinese buying set stage for gold rush bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.