The Wall Street Journal: Gold Exceeds $3,000, With Plenty of Room to Climb Further
Article by Joe Hoppe in The Wall Street Journal
Gold has exceeded $3,000 a troy ounce for the first time ever on economic uncertainty and safe-haven demand, and it looks well-placed to benefit from macroeconomic tailwinds and geopolitical worries in the long run.
Continuous gold futures on the New York Mercantile Exchange rose 0.65% to $3,010.50 a troy ounce in European midday trading, having reached as high as $3,017.10 earlier in the session. The prior record of $2,974.0 per ounce was set in late February.
The recent rally principally reflects uncertainty around U.S. tariff policies, amplifying economic risks and market volatility. This has driven investor interest in gold as ......