28 Oct, 23

Gold Tops $2000 As Middle East Tensions Rise

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This week, gold and silver went their separate ways, with gold rising and silver falling, with today’s Gaza headlines pushing gold notably higher… With spot gold topping $2,000 for the first time since May… And, as Bloomberg’s Nour Al Ali points out, this recent acceleration could propel the precious metal to a fresh record high. Gold has rallied almost 10% this month despite surging US yields and a resilient dollar, primarily driven by its appeal as a safe-haven asset amid geopolitical tension in the Middle East. Its historical inverse correlation…

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