record - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Thu, 30 Jan 2025 22:41:58 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png record - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 Gold hits record high on safe-haven demand amid tariff threats https://www.garnertedarmstrong.org/gold-hits-record-high-on-safe-haven-demand-amid-tariff-threats/?utm_source=rss&utm_medium=rss&utm_campaign=gold-hits-record-high-on-safe-haven-demand-amid-tariff-threats Thu, 30 Jan 2025 22:41:58 +0000 https://www.garnertedarmstrong.org/?p=47116 Gold prices rose to hit a lifetime high on Thursday, sparked by safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve’s policy path. Spot gold XAU= was up 1.4% at $2,796.15 per ounce, as of 11:07 a.m. (1603 GMT), hitting its record high...

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]]> Gold prices rose to hit a lifetime high on Thursday, sparked by safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve’s policy path.

Spot gold XAU= was up 1.4% at $2,796.15 per ounce, as of 11:07 a.m. (1603 GMT), hitting its record high level at $2798.24 earlier in the session. U.S. gold futures GCcv1 climbed 2% to $2,824.

“We are seeing keener uncertainty and anxiety about the Trump administration’s new policies on trade and foreign policy … fresh technical buying coming in as prices are trending higher now in both gold and silver,” said Jim Wyckoff, a senior market analyst at Kitco Metals.

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Source: https://www.usatoday.com/story/money/2025/01/30/gold-prices-all-time-high/78053332007/

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The post Gold hits record high on safe-haven demand amid tariff threats first appeared on Garner Ted Armstrong Evangelistic Association.

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