Wednesday, July 29, 2020

Gold hit all-time high


Gold prices are being pushed higher by aggressive monetary stimulus measures adopted by many central banks around the world since the pandemic plunged the global economy into a recession [File: Andreas Gebert/Bloomberg]. Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets although sentiment was mixed, with tech gains supporting some Asian stocks.

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