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Gold rises to record high on US rate cut, Middle East conflict
The Straits Times
|September 24, 2024
Gold prices extended gains to scale a record high on Sept 23, driven by the momentum generated by the US Federal Reserve's interest rate cut and safe haven demand due to geopolitical risks in the Middle East.
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Spot gold rose 0.2 per cent to US$2,628.25 per ounce, as at 5.24am GMT, after hitting a record high of US$2,630.93 earlier in the session. Gold is up more than 27 per cent so far in 2024, heading for its biggest annual rise since 2010.
US gold futures gained 0.3 per cent to US$2,653.
Denne historien er fra September 24, 2024-utgaven av The Straits Times.
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