Gold Price hits record high above Rs 467772 per ounce
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Dollar sinks to 4-month low and gold soars past $5,000
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Wall Street analysts expect the gold rally to continue as investors pile in because of mounting geopolitical uncertainty and economic concerns.
The surge comes as recent flashpoints from Greenland and Venezuela to the Middle East underscore higher geopolitical risk, while fiscal concerns also loom large.
Another U.S. government shutdown could be about to pile on even more pressure as gold tops $5,000 per ounce and silver breaks $100—leaving some asking, “Where is bitcoin?”
Gold is seen as a so-called "safe-haven" asset that investors buy in times of uncertainty and low interest rates.
If you want to buy gold from Costco, you must have a membership. Costco offers two types: The most basic Gold Star membership is $65 per year and the Executive membership costs $130 per year, not including sales tax.
By Pooja Menon Jan 26 (Reuters) - Shares of gold miners jumped on Monday, as bullion prices surged to a record high of $5,100 an ounce, extending a historic rally driven by safe-haven demand amid geopolitical uncertainties and market volatility.
The precious metal’s prices rise above the psychologically important figure for the first time.
Silver's rally has pushed the gold-to-silver ratio below 50 for the first time since 2012. Here's what the rare move means for investors and precious metals markets.