21 min ago
Gold Climbs to Near Record on Safe-Haven and Central Bank Demand
Gold futures were rising close to record highs on safe-haven and central bank demand.
Futures rose 0.7% to $2,948.40 a troy ounce, close to the record $2,968.50 a troy ounce set during Tuesday's session.
The precious metal has had a strong rally so far this year, surpassing the above-consensus expectations of MUFG, analysts said in a note. The yellow metal is now closing in on $3,000 an ounce, which the Japanese bank had estimated would take until the third quarter of 2025. Gold's brisk start has much further to run, MUFG analysts said.
