Gold Climbs To Record High As Hamas-leader Death Stokes Geopolitical Tensions

Alexander Manzyuk/Anadolu Agency via Getty ImagesGold reached reached a new-all time high on Friday, topping $2,700 for the first time.The safe-haven asset is attracting interest after the death of a top Hamas leader.Geopolitical tensions have been a driving force behind gold's record-setting rally in 2024.Gold hit another record high amid simmering geopolitical unease in the Middle East.Futures climbed as much as 1% to $2,720 an ounce on Friday as the death of Hamas leader Yahya Sinwar late Thursday spurred renewed concerns of further geopolitical tension.According to analysts at ING, gold investors were responding to Israel's pledge to continue fighting, rather than de-escalate, per President Joe Biden's recommendation.

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  • Gold climbs to record high as Hamas-leader death stokes geopolitical tensions
    Gold hit another record high amid simmering geopolitical unease in the Middle East. Futures climbed as much as 1% to $2,720 an ounce on Friday as the death of Hamas leader Yahya Sinwar late Thursday ...
    10/18/2024 - 5:54 am | View Link
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