Gold Hits Fourth Record in a Row as Investors Flock to Safe Haven
Gold continued its rally on Thursday, climbing to a new record of $4,242 per ounce on the London market — the fourth consecutive all-time high.
The ongoing US–China trade tensions and expectations of further interest rate cuts in the US remain key drivers behind the surge. Since early September, gold has gained around 24% in value, boosted by demand for gold-backed ETFs and central bank purchases aimed at reducing reliance on the US dollar.
In euros, gold also hit a new peak of €3,636 per ounce, while silver traded at $52.74, just below Tuesday’s record of $53.54.
Gold continued its rally on Thursday, climbing to a new record of $4,242 per ounce on the London market — the fourth consecutive all-time high.
The ongoing US–China trade tensions and expectations of further interest rate cuts in the US remain key drivers behind the surge. Since early September, gold has gained around 24% in value, boosted by demand for gold-backed ETFs and central bank purchases aimed at reducing reliance on the US dollar.
In euros, gold also hit a new peak of €3,636 per ounce, while silver traded at $52.74, just below Tuesday’s record of $53.54.
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