Skip to main content

Gold jumps to a new record high

A short while ago fresh buying through $2,350 saw gold lift to set a new record high at $2.356.93, just surpassing the previous record by around $3. There appears to be no fresh news based catalyst for the move and it could be just technical on the break above the previous record. The fact that Gold is rising again even as the USD/JPY remains elevated close to the 152 handle is further evidence of the significant unwind in the hitherto long standing Yen/Gold dynamic. There is no material change in US treasury yields right now either, not that it has made much difference lately anyway. Gold is just now trading at $2,353.30 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!