Finance Magnets: Gold Achieves Strongest Quarter in 8 Years - Geopolitics and China's Stimulus Fuel Surge
Article by Damian Chmiel in Finance Magnates
When panic strikes the markets, investors close their risky positions and return, chastened, to the instrument that hasn't failed them for decades: gold.
Recent weakening of the US dollar, China's efforts to boost its economy, and geopolitical tensions have propelled gold to unprecedented historical highs. The quarter closed as the best since 2016.
Gold News: Precious Metal Tests $2,685 amid Risk Aversion
Gold prices have skyrocketed to uncharted territory, touching a new all-time high of $2,685 last week. Although the price has slightly retreated to $2,658 per ounce, it remains near record levels.
This surge results from a perfect storm of ......