Gold prices surged to a record high on Tuesday as a cocktail of factors, from hopes of further U.S. rate cuts and China stimulus measures to elevated Middle East tensions, lifted demand.
Spot gold steadied at $2,625.25 per ounce after hitting a record high of $2,639.95 earlier in the day.
U.S. gold futures were flat at $2,651.30.
More.
One year ago gold was ~$1,825.
And updated 39 minutes ago lol:
Spot gold was up 1.1% to $2,656.38 per ounce after earlier hitting a record of $2,654.96. U.S. gold futures gained 1% to $2,680.00.
