Gold price hits record high on keener safe-haven demand

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Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

Risk aversion is elevated as Iranian President Ebrahim Raisi, the country’s foreign minister, and others were killed in a helicopter crash Monday. The crash was in a foggy, mountainous region of the country’s northwest, state media reported. It initially appears the helicopter had mechanical problems and that it was not shot down. Meantime, a Chinese oil tanker was hit by a Houthi missile in the Red Sea, adding to geopolitical tensions.

Broker SP Angel this morning said: “China is struggling to contain the impact of the collapse of two major property developers which have left thousands of unfinished properties in limbo. To compound the problem, many of these apartments have been sold with buyers supporting mortgages on properties they are not able to move into.”able to ease their monetary policies in the coming months, which would Asian and European stock indexes were mostly higher overnight. U.S.

 

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