Gold surges above $1,400/oz for the first time since 2013, with ‘more gains ahead’
Gold has benefited from expected interest rate cuts in the US and rising geopolitical tensions, and is at a record high in 72 currencies
21 June 2019 - 09:39
The gold price surged above the $1,400/oz level on Friday — the first time it has broken that barrier since September 2013 — as demand for the precious metal soars on rising geopolitical uncertainty.
The precious metal has now climbed to an all-time high in 72 currencies, including the rand, and more gains could be in store as investors seek safe-haven assets, analysts said...
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