Gold surges to new highs as investors seek 'safe haven' amid global uncertainty
The price of an ounce of gold surged past $5,100 on Monday as investors flock to precious metals and away from currency and treasury markets. The trend underlines growing global uncertainty fuelled by debt concerns, US President Donald Trump's attacks on the Federal Reserve and general geopolitical uncertainty. Also in this edition, Canadian PM Mark Carney says he has "no intention" of pursuing a free trade agreement with China. Finally, a plush toy horse with a frown could be the star of the upcoming Lunar New Year.
The price of an ounce of gold surged past $5,100 on Monday as investors flock to precious metals and away from currency and treasury markets. The trend underlines growing global uncertainty fuelled by debt concerns, US President Donald Trump's attacks on the Federal Reserve and general geopolitical uncertainty. Also in this edition, Canadian PM Mark Carney says he has "no intention" of pursuing a free trade agreement with China. Finally, a plush toy horse with a frown could be the star of the upcoming Lunar New Year.
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