1 August 2024
Gold prices have reached new record highs three times in less than three weeks, peaking at over $2,500 an ounce.
December gold futures settled at $2,480.80 an ounce on Thursday, with intraday trading hitting $2,506.60.
According to George Milling-Stanley of State Street Global Advisors, if the economic and political environment becomes more favorable, gold could trade between $2,500 and $2,700. Factors such as geopolitical conflicts, a weakening dollar, and potential rate cuts could drive gold to $3,000 per ounce.