Facebook
Twitter
Instagram
Classic TV
Google Plus
RSS Feed

On Air

with Ifeanyi
Saturdays: 6am - 12pm

Listen Live

Uncertainty Pushes Gold Price To Record $1,926 Per Ounce

The price of gold surged to a record above $1,926 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic. Gold rose more than $30 to $1,926.20 by early afternoon in Asia. It added 1.5% after breaking its 2011 record high on Friday.

 

Prices of gold and silver have jumped as rising infection numbers and job losses in the United States and some other economies fuel concern the recovery from the virus and the worst global downturn since the 1930s might be faltering. Precious metals, along with bonds, often are seen as stores of value when financial markets decline. Forecasters watch their prices as an indicator of how investors see the economic future.

Connect

Facebook
Twitter
Instagram
Beat TV
Google Plus
RSS Feed
Download our apps

Contact

We are located at 26 Keffi Street, Off Awolowo Road, Ikoyi, Lagos

Telephone:

+234 (0) 1270.1020

+234 (0) 1463.1700

+234 (0) 1463.1701