The gold price surged to a new high above $3,300 on Wednesday as financial markets moved money out of riskier assets as US-China trade tension showed little sign of easing. Gold notched a new record just above $3,317 per troy ounce, up from just below $3,220 overnight and $3,050 a week ago.
Gold surges to record levels, while silver approaches the pivotal resistance of $32.50 and looks set to advance as the US dollar continues to remain under bearish pressure.
Gold rose in the early Asian session amid likely safe-haven demand.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Anthony Pompliano, Professional Capital Management founder and CEO, joins 'Squawk Box' to discuss where cryptocurrencies are going from here, its performance against gold, and the likelihood of a government-controlled bitcoin reserve.
Gold edged higher in the early morning Asian session as traders digested mixed signals.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.