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<Commodity>Spot Gold Sets All-time High of US$4,643; Gold, Silver, Copper Reach New Highs
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Geopolitical and economic uncertainties prompted investors to turn to safe-haven assets. Coupled with expectations of a Fed rate cut, gold prices soared to a historic high on Wednesday, with silver and copper prices also setting record highs on the same day. Spot gold, after reaching a new peak, retreated, with a peak of US$4,643. It last added US$40 or 0.9% at US$4,627 per ounce. Gold futures for February delivery also hit a new high, peaking at US$4,650 per ounce. It last gained US$32 or 0.7% at US$4,631 per ounce. Silver futures for March delivery continued to set new highs, up 8% to US$93.2 per ounce. Copper futures for March delivery notched a new high, up 1.3% to US$6.1 per pound. AASTOCKS Financial News Website: www.aastocks.com |
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