Please ensure Javascript is enabled for purposes of website accessibility
Uncertainty Pushes Gold Price to Record, Over $1,930 per Oz
gvw_ap_news
By Associated Press
Published 4 years ago on
July 27, 2020

Share

BEIJING — The price of gold surged to a record above $1,934 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic.

It added 2% percent after breaking its 2011 record high price on Friday, when it closed at $1,897.50 on the New York Mercantile Exchange.
It added 2% percent after breaking its 2011 record high price on Friday, when it closed at $1,897.50 on the New York Mercantile Exchange.
As of 8:35 GMT on Monday, it was at $1,934.60 per ounce and had traded as high as $1,938 per ounce.
Prices of gold and silver have jumped as rising infection numbers and job losses in the United States and some other economies fuel concern the recovery from the virus and the worst global downturn since the 1930s might be faltering.
Precious metals, along with bonds, often are seen as stores of value when financial markets decline. Forecasters watch their prices as an indicator of how investors see the economic future.

RELATED TOPICS:

DON'T MISS

Juror Dismissed From Trump Hush Money Trial. Prosecutors Seek to Hold Former President in Contempt

DON'T MISS

Keaton Winn Throws Six Solid Innings as Giants Take Series From Marlins

DON'T MISS

Attorney Suing Fresno Grizzlies for $5 Million Is No Stranger to ‘Ladies Night’ Cases

DON'T MISS

Hagrid Has a Bit of a Playful Side, but the Heart of a Giant. And He’s Ready for Adoption

DON'T MISS

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

DON'T MISS

Hot Rod Willys: Driven to Bake the Perfect Chicago-Style Pizza

DON'T MISS

Local Leaders Must Put Their Shoulders Into Making Fresno ‘Education City USA’

DON'T MISS

EdSource Welcomes Fresno News Veteran Jim Boren to Its Board

DON'T MISS

Senate Dismissed Two Articles of Impeachment, Ending Trial on Mayorkas

DON'T MISS

Netanyahu Dismisses Calls for Restraint, Says Israel Will Decide Iran Attack Response

UP NEXT

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

UP NEXT

Netanyahu Dismisses Calls for Restraint, Says Israel Will Decide Iran Attack Response

UP NEXT

Storm Dumps Record Rain and Floods Dubai’s Airport

UP NEXT

Myanmar’s Ousted Leader Suu Kyi Moved From Prison to House Arrest Due to Heat, Military Says

UP NEXT

NPR Editor Suspended Over Claims of Network’s ‘Progressive Worldview’

UP NEXT

Wall Street’s Mixed Trading Day

UP NEXT

New Recruiting Programs Put Army, Air Force on Track to Meet Enlistment Goals. Navy Will Fall Short

UP NEXT

Justice Thomas Misses Supreme Court Session Monday With No Explanation

UP NEXT

‘Civil War’ Declares Victory at the Box Office, Toppling ‘Godzilla X Kong’

UP NEXT

Scheffler Turns the Masters Into Another Sunday Yawner With a Dominating Win

Hagrid Has a Bit of a Playful Side, but the Heart of a Giant. And He’s Ready for Adoption

Animals /

5 hours ago

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

17 hours ago

Hot Rod Willys: Driven to Bake the Perfect Chicago-Style Pizza

18 hours ago

Local Leaders Must Put Their Shoulders Into Making Fresno ‘Education City USA’

18 hours ago

EdSource Welcomes Fresno News Veteran Jim Boren to Its Board

19 hours ago

Senate Dismissed Two Articles of Impeachment, Ending Trial on Mayorkas

19 hours ago

Netanyahu Dismisses Calls for Restraint, Says Israel Will Decide Iran Attack Response

20 hours ago

New Study Calculates Climate Change’s Economic Bite Will Hit About $38 Trillion a Year by 2049

20 hours ago

Biden Pledges to Block Japanese Takeover of US Steel and Promises Tariffs on Chinese Steel

20 hours ago

Don Arax Talks About His New Football Job at Visalia’s Central Valley Christian

21 hours ago

Juror Dismissed From Trump Hush Money Trial. Prosecutors Seek to Hold Former President in Contempt

NEW YORK — A juror in Donald Trump’s hush money trial was dismissed Thursday after expressing doubt about her ability to be fair and i...

8 mins ago

8 mins ago

Juror Dismissed From Trump Hush Money Trial. Prosecutors Seek to Hold Former President in Contempt

21 mins ago

Keaton Winn Throws Six Solid Innings as Giants Take Series From Marlins

40 mins ago

Attorney Suing Fresno Grizzlies for $5 Million Is No Stranger to ‘Ladies Night’ Cases

Animals /
5 hours ago

Hagrid Has a Bit of a Playful Side, but the Heart of a Giant. And He’s Ready for Adoption

17 hours ago

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

18 hours ago

Hot Rod Willys: Driven to Bake the Perfect Chicago-Style Pizza

18 hours ago

Local Leaders Must Put Their Shoulders Into Making Fresno ‘Education City USA’

19 hours ago

EdSource Welcomes Fresno News Veteran Jim Boren to Its Board

MENU

CONNECT WITH US

Search

Send this to a friend