A 1 kilogram gold bar with a Heraeus Precious Metals hallmark at the precious metals vault at Pro Aurum KG in Munich, Germany, on Wednesday, July 22, 2020. Photo: Bloomberg
Gold’s price tops US$1,900 an ounce for the first time since 2011 in a race towards a record, in a rally driven by cheap money
- Gold is heading for a seventh weekly gain, the longest stretch since 2011, while silver is poised for its biggest weekly advance in about four decades
- Gold may reach the all-time high by early next week, traders say
Topic |
Commodities
A 1 kilogram gold bar with a Heraeus Precious Metals hallmark at the precious metals vault at Pro Aurum KG in Munich, Germany, on Wednesday, July 22, 2020. Photo: Bloomberg