Gold has risen nearly 40% over the past 12 months, more than double the S&P 500’s SPY 19% gain. The precious metal is climbing due to uncertainty surrounding trade wars and tariffs, as well as massive purchases by global central banks. Continued volatility in the stock market has also led many investors to seek the
(Bloomberg) — Gold steadied — after blowing through a series of record highs in the previous session — with rising economic and geopolitical risks supporting haven demand. Most Read from Bloomberg Bullion traded near $2,860 an ounce — having added 0.9% on Wednesday — after President Donald Trump said the US could take over Gaza,
Getty Images; Jenny Chang-Rodriguez/BI The World Gold Council said Russians bought 75.6 metric tons of gold last year, up by 6% from 2023. Gold is a safe-haven asset that’s often in demand amid high inflation and geopolitical tensions. The price of gold hit a record on Wednesday, jumping above $2,900 an ounce. Russian consumers are