Gold price is $50 away from new record high
10 hours ago
Odaily News Gold prices moved toward a record high on Monday as the escalating conflict between Israel and Iran prompted investors to turn to safe-haven assets. In early Asian trading on Monday, gold prices rose 0.6% to above $3,450 an ounce, about $50 away from the all-time high set in April. The sudden rise in geopolitical risks has added more momentum to the rise in gold prices, which has been driven mainly by the threat to global economic growth posed by Trump's aggressive tariff agenda. Gold has risen more than 30% in 2025, with central banks seeking to diversify away from the dollar being another important driver. (Jinshi)
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