Topline
Gold is on the precipice of hitting its highest price on record as investors turn to the safe-haven asset amid a rocky macroeconomic environment, and analysts believe the precious metal could have much more room to run—thanks in no small part to the potential recession looming ahead.
Key Facts
Gold prices are up 10% this year, on pace for their best annual performance in three years and up to roughly $2,040 per ounce, a tick behind their briefly-achieved peak of about $2,075 in August 2020—when the Covid-19 pandemic and elevated geopolitical uncertainty fueled fervor for the safe-haven asset.
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