International Gold Market Opens: Prices Surge
The international gold market opened with a surge in prices on Monday, as investors sought refuge in the safe-haven asset amid global economic uncertainties.
Gold futures for December delivery jumped 1.5% to $1,945 per ounce on the Comex division of the New York Mercantile Exchange. Spot gold, which reflects real-time market prices, also rose by 1.4% to $1,943.60 per ounce.
The surge in gold prices is attributed to several factors. First, there is growing concern about the economic impact of the COVID-19 pandemic, which has disrupted supply chains and led to widespread business closures. Investors are turning to gold as a store of value to protect their wealth against potential economic fallout.
Second, tensions between the United States and China remain elevated, fueling geopolitical uncertainty. Gold is often seen as a safe haven during times of political instability.
Third, the Federal Reserve has implemented aggressive monetary stimulus measures to support the economy. This has weakened the US dollar, making gold more attractive to international investors.
Analysts believe that the current bull market in gold is likely to continue in the near term. The factors driving the demand for gold remain strong, and there is little indication that these factors will abate anytime soon.
However, some analysts caution that the gold market is volatile and can experience sharp corrections. Investors should therefore exercise caution when investing in gold and diversify their portfolios accordingly.
原创文章，作者：杰克，如若转载，请注明出处：https://hengxing99.com/11981.html
