Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Investing

Gold Price Hits New Record, Breaking US$2,950 for First Time

by February 20, 2025
February 20, 2025
Gold Price Hits New Record, Breaking US$2,950 for First Time

The gold price reached yet another record high on Thursday (February 20), breaking US$2,950 per ounce.

The yellow metal rose as high as US$2,954.72 before pulling back to the US$2,935 level, pushed upward by ever-increasing global turmoil, including tariff talks and ongoing tensions between Russia and Ukraine.

Gold price chart, February 13 to 20, 2025.

Gold has also made headlines this week on the back of calls for an audit of Fort Knox.

The Kansas-based army installation reportedly holds 4,580 metric tons of gold, but despite ongoing requests has not been fully audited since 1953. Tech billionaire Elon Musk has suggested that the newly established US Department of Government Efficiency, better known as DOGE, should take on the task.

Long-term factors supporting gold include strong central bank demand and buying from eastern investors.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Terror attack rocks Israel; three buses reportedly explode
next post
Israel says Bibas boys were among the dead bodies returned by Hamas – but not their mother

You may also like

ChemX Receives $661,890 R&D Refund

Cizzle Brands: A Sports Nutrition Company Leading the...

Copper Prices Surpass US$10,000 as US Tariff Fears...

Placement Prospectus

Bold Ventures Signs Amendment to the Burchell Gold...

Crypto Market Recap: Research Highlights Blockchain Platforms with...

QEM Appoints Robert Cooper as Director, following Leadership...

Altech – Third Offtake Heads of Agreement for...

Heritage Receives Drill Permitand Secures additional Drill Program...

Lahontan Revamps Board Of Directors

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Trump had very unexpected convo with Obama at Carter’s funeral: Book

    • 10 reasons the DOJ and FBI face backlash over Epstein files flop

    • Critics slam Mexico’s gentrification protests as xenophobic. Activists say they’re fighting for their human rights

    • Apollo Silver; Right Assets, Right Management and Right Time

    • Cartier Unveils VRIFY-Generated AI Model Highlighting Key Discovery Targets Ahead of Largest-Ever Drill Program at Cadillac

    Categories

    • Business (540)
    • Investing (2,678)
    • Politics (4,274)
    • Uncategorized (1)
    • World (2,735)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top