Post by
retiredcf on Jul 24, 2020 8:25am
BNN Notes
GOLD'S MARCH TO A RECORD HIGH
One of those safe havens is of course, gold, which is flirting with a record high. Gold closed Thursday at $1,890.00 an ounce, just shy of its August 2011 record, and this morning bullion hovered around the $1893 level (its intraday record is $1923.70). Gold has risen nearly 25 per cent this year, as investors looked for solace amid weakening global growth induced by the global COVID-19 pandemic. Mark Mobius, co-founder at Mobius Capital Partners told our Bloomberg partners yesterday that he is buying gold right now. We’ll pose the same question to our guests today. Silver is also poised for its biggest jump in weeks.