News

article

MARKET: Gold reached a record high of $3,503.32/oz, 100x its $35/oz price in 1971 when Nixon closed the gold window, driven by investors seeking safety amid economic uncertainty.

The precious metal hit $3,501.59/oz in early Asian trading, surpassing its prior April peak of $3,500.10.

Gold futures on COMEX (GCW00) climbed to $3,561.00/oz, signaling robust market momentum.