Economy Events Local 2026-02-04T19:39:53+00:00

Gold Prices Surge to 17-Year High

Gold prices continued to rise after posting their best daily gains in 17 years, driven by strong investor demand for the safe-haven asset amid uncertainty.


Gold Prices Surge to 17-Year High

Gold prices continued to rise on Wednesday, after posting their best daily gains in 17 years the previous day, driven by strong demand. Investors are increasingly viewing gold as a safe-haven asset amid global economic uncertainty and geopolitical tensions. Analysts attribute the surge to several factors, including concerns about inflation and expectations of accommodative monetary policy from central banks. "We're seeing a classic flight to quality, with investors seeking shelter from market volatility," one expert commented. While the upward trend is strong, some analysts caution of a possible correction in the near future.

Latest news

See all news