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Gold Price Hits $2000/Ounce For The First Time
Summary: Gold price rallies to $2006.30 at around 11:32 on Tuesday morning, breaching the $2000 level for the first time after two weeks of hovering below, according to APMEX data. The rally is underpinned in part by investors who are looking for a safe-haven asset amid economic uncertainty. Mohamed A. El-Erian, the president-elect of Cambridge University, ...
Gold price rallies to $2006.30 at around 11:32 on Tuesday morning, breaching the $2000 level for the first time after two weeks of hovering below, according to APMEX data.
The rally is underpinned in part by investors who are looking for a safe-haven asset amid economic uncertainty.
Mohamed A. El-Erian, the president-elect of Cambridge University, thinks the gold markets will continue to look bullish. He wrote on his twitter: “There will be greater cyclical/structural allocations to gold—both of which are price supportive”.
By Lily Yang
