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: BloombergA 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
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: BloombergA 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
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
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