Tag: safe-haven asset
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Gold Miners’ Stocks Surge as Gold Hits Record High Amid Trump’s Remarks
London-listed gold miners experienced a surge in their stock prices as the value of gold reached a record high, surpassing $3,500 per ounce. This spike was triggered by remarks from U.S. President Donald Trump criticizing Federal Reserve Chair Jerome Powell, leading investors to seek the safety of gold. PAYDIRT: Mining for Profits with Gold &…
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Commodities Prices Plunge Amid Market Contagion and Investor Panic
Gold, copper, and oil prices took a hit as market contagion spread, triggering a wave of panic among investors. The spot prices for gold bullion tumbled by as much as 3.2% to $2,364.43 per ounce on Monday, signaling a broader downturn in the commodities market. This downturn was fueled by growing concerns over global economic…