Gold Hits Record Highs Despite Strong Dollar: Investors Bewildered

Gold

Gold prices have soared to new heights, setting record after record this year, despite the strength of the US dollar. The surge has been particularly pronounced over the past two months, defying conventional expectations and unnerving investors. On the Multi Commodity Exchange (MCX), gold for June 2024 expiry climbed to a new peak of ₹71,080 … Read more

Gold Hits Record High for Seventh Straight Session Amid Strong Demand from Asian Central Banks

Gold

Gold prices surged to new heights on Monday, marking the seventh consecutive session of record peaks. This impressive rally comes amidst robust demand from key central banks in Asia, a trend that analysts believe is offsetting traditional challenges posed by a strengthening U.S. dollar and heightened interest rates. At 1002 GMT, spot gold climbed by … Read more