Spot Gold Soars to Fresh Record High as Stocks Plunge

Precious Metals

Reuters reported that falling stock markets caused gold prices to increase to a new record high.

Reuters reported that falling stock markets caused gold prices to increase to a new record high.

The market news is quoted as saying:

Gold, regarded as a safe-harbor investment when shares fall, has broken cleanly above technical resistance from a near three-year trend-channel and putting its ratio to the S&P-500.

To read the full market news, click here.

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