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Gold jumps to record high above $5,500
Gold jumped to a record high above $5,500 an ounce, extending a breakneck rally fueled by US dollar weakness and
By Bizweb2 Bizweb2
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Spot gold shot up 2.7% to $5,542.29 an ounce by 0149 GMT, after hitting a record $5,591.61 earlier in the day."Growing U. Spot silver was up 1.1% at $117.87 an ounce after hitting a record high of $119.34 earlier. Spot platinum rose 1% to $2,723.40 an ounce, after hitting a record high of $2,918.80 on Monday, while palladium fell 1.6% to $2,041.20.
What this story is about
People
- Jerome Powell3
- Donald Trump3
- Tony Sycamore2
- Edward Meir
- Rick Rieder
- Linh Tran
- Powell
Organisations
- Fed4
- Federal Reserve3
- Standard Chartered2
- Reuters2
- Tether2
- Gold2
- OCBC2
- GMT2
Places
- United States4
- Hong Kong3
- Shanghai3
- Israel2
- Tehran2
- Iran2
- Bloomberg
- Singapore
Keywords
- ounce5
- record3
- high3
- above2
- confidence
- breakneck
- investors
- weakening
- breaking
- weakness
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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Also reported by
4 newsrooms have reported this story
Gold jumps to record high above $5,500NewsWire English
Gold prices gain rapidlyHiru News - English
Gold vaults past $5,200 to record highAda Derana