A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery in Verkhnyaya Pyshma, Russia, on Thursday. Gold surged to a fresh record on Friday, fuelled by a weaker dollar and low interest rates. Photo: BloombergA worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery in Verkhnyaya Pyshma, Russia, on Thursday. Gold surged to a fresh record on Friday, fuelled by a weaker dollar and low interest rates. Photo: Bloomberg
A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery in Verkhnyaya Pyshma, Russia, on Thursday. Gold surged to a fresh record on Friday, fuelled by a weaker dollar and low interest rates. Photo: Bloomberg
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Fear has its price as gold nears US$2,000 in uncertain world

  • Whether you are a pessimist, optimist or realist, there is no doubting that the yellow metal looks set to breach its psychological level amid a flight to safety

SCMP Editorial
SCMP Editorial

Updated: 11:23pm, 4 Aug, 2020

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A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery in Verkhnyaya Pyshma, Russia, on Thursday. Gold surged to a fresh record on Friday, fuelled by a weaker dollar and low interest rates. Photo: BloombergA worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery in Verkhnyaya Pyshma, Russia, on Thursday. Gold surged to a fresh record on Friday, fuelled by a weaker dollar and low interest rates. Photo: Bloomberg
A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery in Verkhnyaya Pyshma, Russia, on Thursday. Gold surged to a fresh record on Friday, fuelled by a weaker dollar and low interest rates. Photo: Bloomberg
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