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Gold price tops US$2,000: What’s driving it higher and how can you benefit? – Motley Fool Australia
Last week saw the gold price jump to over US$2,000 per troy ounce. Here’s what’s pushing the yellow metal skywards, and how to benefit from it.
Motley Fool Australia » Gold » Gold price tops US$2,000: What’s driving it higher and how can you benefit? Last week saw the gold price jump to over US$2,000 per troy ounce. It is currently trading at US$2,030, just off its all-time-high. Gold’s previous all-time high was US$1,921, last seen in September 2011.
Historically, gold has generally risen during risk-off periods when investors rebalance their portfolios away from assets like equities, perceiving turbulent times ahead. However, over th…
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