Gold Price Climbs Amidst Record Central Bank Buying and Tensions in the Middle East
The spot price of gold rocketed past $2,400 per ounce in Asia this morning, topping out at $2,429.70 before the tamp down by the Wall Street after the New York opening bell. By afternoon, the price had settled down to around $2,342, $87 lower.
Even though gold prices continue to trend upwards, consumers demand for gold in the United States keeps getting stronger.