Gold Trades at Record Highs, But Will It Lose Its Shine? Analysts differ on whether gold’s recent rise can persist. PHOTO: CHRISTOPHER FURLONG/GETTY IMAGES Gold prices have surged to record highs in recent weeks, driven by geopolitical tensions, hopes for rate cuts, and a spike in algorithm-driven trading. Now, the question for investors is whether rising prices can persist. Gold futures were most recently trading at $2,164.5 a troy ounce, and spot prices for the precious metal are up 9.1% compared with a month ago. Over the past year, spot gold prices rose 14%. Michael PiccoiniStrategic Planning, Leadership & Analysis Professional with a background in healthcare, manufacturing and retail. I have a strong understanding of the complex world of revenue Management and how to make it more relevant, understandable, and actionable for executive leadership across all levels of an organization. My career has spanned several years at UnitedHealth Group, Inc. I obtained my B. Comm from the University of Windsor and MBA from Wayne State University « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts New Study Exposes 'Greedflation' Impact READ MORE Economic Recession and Yen Depreciation Push Japan Behind Germany READ MORE America Blew Almost $2 Trillion. Make It Stop: Kathryn Edwards READ MORE Fed’s Focus Shifts: Slowing QuantitativeTightening is Key READ MORE Kazakhstanis Keeping Less Foreign Currency, Buying More Gold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
