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Gold Extends Surge to Record as Haven Demand Builds Before Fed – Bloomberg
Spot gold climbed to an all-time high as the dollar plunged and concerns about the global economy boosted demand for havens. Futures also touched a record as a contract roll provided a further boost to its rally.
Spot gold climbed to an all-time high as the dollar plunged and concerns about the global economy boosted demand for havens. Futures also touched a record as a contract roll provided a further boost to its rally.
Bullion’s move came as a gauge of the
dollar fell to the lowest in more than a year amid negative real rates in the U.S. and bets that the Federal Reserve will keep policy accommodative when it meets this week. Inflows into gold-backed exchange traded funds this year have surpassed a…
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