Gold surges above $5,000 per ounce for 1st time
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Dollar sinks to 4-month low and gold soars past $5,000
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Wall Street analysts expect the gold rally to continue as investors pile in because of mounting geopolitical uncertainty and economic concerns.
Gold climbed on Tuesday, hovering just shy of the $5,100 per-ounce level breached for the first time in the previous session.
By Pooja Menon Jan 26 (Reuters) - Shares of gold miners jumped on Monday, as bullion prices surged to a record high of $5,100 an ounce, extending a historic rally driven by safe-haven demand amid geopolitical uncertainties and market volatility.
It’s been a long journey for gold and silver to reach their highest levels on record, but the steep climb for both over the past 12 months has been a notable one — marked by significant, market-moving events,
Gold prices surged past US $5,000 price per ounce for the first time late Sunday and into Monday, topping at $5,100.