Spot Gold Smashes Through $2,000 With Haven Seekers Piling In
5 August 2020, 12:40 am ACST Updated on 5 August 2020, 3:58 am ACST
·
Growing economic, political risks boost precious-metal demand
·
Hopes for further U.S. stimulus measures also help gold buying
Gold Is a Structural Bull Market, Says Strategas’ Verrone
Spot gold soared to a record above $2,000 an ounce as investors continue to seek a haven for their assets amid daunting economic and geopolitical risks. Gold has rallied in the past year as the coronavirus pandemic prompts unprecedented amounts of stimulus to shore up economies, including lower rates, which are a boon for non-interest-yielding gold. Simmeringgeopolitical tensions -- including a massive explosion at Lebanon’s main port on Tuesday -- are also boosting demand. “People want safety, and safety right now is gold because Treasuries are not yielding up,” Bob Haberkorn, senior market strategist at RJO Futures, said by phone.
Spot gold rose as much as 1.7% to $2,009.61 an ounce, and traded at $2,008.55 as of 2:22 p.m. in New York. Bullion for immediate delivery surged 11% in July, the biggest monthly gain since 2012.
The most-actively traded gold futures on the Comex also reached a record on Tuesday before settling at $2,021.
- Forums
- ASX - By Stock
- RXL
- Discussion with Alex Passmore
Discussion with Alex Passmore, page-137
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXL (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.3¢ |
Change
-0.003(1.85%) |
Mkt cap ! $55.43M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.3¢ | $1.014K | 7.642K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 577264 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 159086 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 577264 | 0.130 |
7 | 554900 | 0.125 |
9 | 544231 | 0.120 |
1 | 8750 | 0.115 |
3 | 64099 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 159086 | 3 |
0.140 | 429586 | 5 |
0.145 | 479895 | 6 |
0.150 | 121661 | 3 |
0.155 | 105000 | 2 |
Last trade - 12.37pm 01/10/2024 (20 minute delay) ? |
Featured News
RXL (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online