Gold Prices Hit Record High as Dollar Drops

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Gold prices top a nine-year high amid a gloomy outlook for the world economy, a decline in interest rates and rising tensions between the U.S. and China

Gold prices zoomed to a record for the first time in nine years Monday, as a weakening dollar injected new momentum into a rally driven by uncertainty about the world economy.

Futures contracts for delivering gold in August shot up 2% to $1,936.30 a troy ounce, topping the previous intraday peak of $1,923.70 from September 2011. The advance put gold futures on course to rise for the seventh consecutive trading day, which would be the metal’s longest winning streak since February.

 

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Gold has made new high since 2011 peak. Will it take a short-term drop before soaring higher? goldprice

Litecoin ltc safehaven cryptocurrency

GOLD $GOLD PreciousMETALS SILVER $silver copper ...📈💰💸💵💴💶💷

Meh, I’m more comfortable w/silver. Gold is too pricy for its overall use. Silver and copper are my favs. Don’t get me wrong, I looooove gold. But it’s only application is industrial/commercial. We can fake everything else. So... to me, it’s like mining diamonds. Pointless.

Bitcoin ready for all time high!

It's because of all the money printing / currency debasement, you don't need to be an 'economic expert' to figure that one out.

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