Gold Hits Record High Amid Covid-19 Fears, China Tensions

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The price of gold hit a new record high Monday as US-China tensions and a resurgence in the coronavirus sent investors looking for safety.

The precious metal — known as a stable investment in turbulent times — climbed more than 1 percent to $1,944 an ounce. That passed the prior record of $1,921 an ounce that was set in 2011, according to CNN.

The jump followed a week in which the relationship between Washington and Beijing became even more strained, with the Trump administration ordering China to close its consulate in Houston. Chinese officials retaliated by ordering the US out of its Chengdu consulate.

Read more at NY Post

{Matzav.com}


2 COMMENTS

  1. I hope your question is sarcastic . These “gifts” should be abolished and save the money for important things. Baruch Hashem my husband and I didn’t waste money on these. I wish people would start thinking for themselves and stop competing in eveything.

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