The ‘yellow metal’ reached a new peak according to Bloomberg data compiled at 18:06 (17:06 in Lisbon), standing at $3,970.08, surpassing the morning’s high of $3,944.73.
This marks an increase of 2.15% compared to the previous day’s closing of $3,886.54.
After hitting several record highs during the session, at 18:25 (17:25 in Lisbon), gold was trading at $3,952.86, up by 1.71%.
Massive central bank purchases, a weak dollar, and geopolitical factors are driving this surge, with gold appreciating nearly 50% this year.
