Gold Hits Fresh Record Above $2,420 on Safe-Haven Demand
Bullion extended its rally to a new all-time high as investors sought shelter from a mix of geopolitical tension and softer real yields.
Gold prices climbed to a fresh record above $2,420 an ounce on Thursday, extending a rally that has added more than 20% to the metal's value so far this year.
The move was driven by a combination of falling real yields, continued central bank buying, and renewed safe-haven demand tied to geopolitical tension in the Middle East.
Silver and platinum also advanced, though at a more modest pace, as the broader precious metals complex benefited from the same tailwinds.
David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.
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