U.S. gold futures hit all-time high of $2,014.20/ozBullion has surged about 31% so far this year, supported mainly by lower interest rates and widespread stimulus by global central banks to ease the economic blow from the pandemic. "The market is being well supported by the likelihood of additional stimulus in the U.S; stimulus continues to pressure the U.S. currency, in addition to that U.S.-China tensions is adding a bit of safe haven demand," said David Meger, director of metals trading at High Ridge Futures.
August 04, 2020